Kraken has secured a Restricted Dealer registration in Canada, confirming its position in the Canadian crypto market while complying with new investor protection guidelines for crypto exchanges.

As part of its expansion, Kraken has appointed Cynthia Del Pozo as the General Manager for North America. Del Pozo will oversee Kraken's growth in Canada, focusing on strengthening its regulatory, political, and commercial partnerships.

Kraken Offers Free Deposits for Canadians

To further enhance accessibility, Kraken is offering free Interac e-Transfer deposits for Canadian clients, aiming to simplify and reduce the cost of crypto investing.

This achievement follows a detailed pre-registration process, during which Kraken improved its governance, security, and compliance standards. As a result, Canadian clients can now access advanced and secure crypto products under the supervision of the Ontario Securities Commission (OSC).

Del Pozo as General Manager for North America amid Expansion

“I’m thrilled to join Kraken’s mission at this critical moment, and to lead our expansion efforts, ensuring we continue to serve our clients long-term with innovative and compliant products,” said Cynthia Del Pozo, Kraken’s General Manager for North America.

Del Pozo brings nearly 15 years of experience in corporate development, operations, and fintech consulting, making her well-suited to lead Kraken's Canadian operations.

🚀 Big news from Kraken! The cryptocurrency exchange has secured a restricted dealer registration in Canada, enhancing its commitment to Canadian investors. With over $2 billion in assets under custody, Kraken is poised for growth under the guidance of i… https://t.co/bFI61bv6gX

— CRYPTO PANZER 🚀 (@CryptoPanzerHQ) April 2, 2025

“Canada is at a turning point for crypto adoption, with a growing number of investors and institutions recognizing digital assets as a vital part of the financial future,” added Del Pozo.

Read more at FinanceMagnates.com: Kraken's $1 Billion Debt and Its Impact on 2026 IPO Plans.

Expanding UK Operations with FCA Approval

Meanwhile, Kraken has obtained an Electronic Money Institution (EMI) license from the UK's Financial Conduct Authority (FCA), allowing it to issue electronic money and provide faster deposit and withdrawal options for UK clients. This approval supports Kraken's ongoing growth strategy in the UK market.

The EMI license strengthens Kraken’s position in the UK, where it has experienced significant growth. The company offers over 300 cryptocurrencies for trading and leads in GBP-denominated volumes. Kraken’s continued focus on compliance and security is evident in its adherence to FCA standards while innovating in the UK crypto sector.

This article was written by Tareq Sikder at www.financemagnates.com.