obtained the new registration as a Restricted Dealer in Canada

Kraken has announced that it has obtained registration as a Restricted Dealer in Canada. At the same time, the crypto-exchange has appointed Cynthia Del Pozo as the new general manager for North America. 

Kraken and the registration as a Restricted Dealer in Canada 

Kraken has announced that it has obtained the registration as a Restricted Dealer in Canada. This was shared on X by David Ripley, the CEO of the crypto-exchange. 

“Exciting news from one of the @KrakenFX of the fastest-growing markets. Today we secured registration as a Restricted Dealer in Canada, which offers clients in the region more access and more ways to create wealth in cryptocurrencies. We are committed to Canada and look forward to leading the next wave of adoption. “

This means that Kraken’s Canadian clients will now be able to benefit from a solid regulatory foundation, which guarantees access to some of the most innovative and secure crypto products. 

Not only that, Kraken’s operations in Canada remain under the supervision of the Ontario Securities Commission (OSC).

To celebrate this new chapter, Kraken is now offering free deposits with Interac e-Transfer to all Canadian customers.

Kraken Canada and the appointment of the new general manager Cynthia Del Pozo

Another news for Kraken Canada is the appointment of the new general manager for North America in Cynthia Del Pozo. 

With nearly 15 years of experience in business development, operations, and fintech consulting, Del Pozo will be responsible for leading Kraken’s expansion and commitment in Canada. 

In this regard, Del Pozo said:

“Canada is at a turning point for cryptocurrency adoption, with a growing number of investors and institutions recognizing digital assets as a vital part of the financial future. I am excited to join Kraken’s mission at this critical time and to lead our expansion efforts, ensuring we continue to serve our clients in the long term with innovative and compliant products”

With regulatory clarity ensured, a new leader at the helm, and an expanding suite of innovative cryptocurrency products, Kraken is said to be ready to shape the future of digital finance in Canada.

The acquisition of the futures trading company NinjaTrader

Last week, Kraken made headlines for having acquired the futures trading company NinjaTrader.

For the modest sum of 1.5 billion dollars, Kraken now has the tools to merge traditional finance with the crypto sector and DeFi.

In fact, NinjaTrader is a leading platform for futures trading and has nearly two million users. Founded in 2023, the company operates as a Futures Commission Merchant (FCM) and is registered with the CFTC in the USA. 

Thanks to this acquisition, Kraken will be able to expand its offering of bull and bear derivatives and crypto futures in the USA market.