Kraken has secured a Restricted Dealer registration in Canada, marking a key milestone in its effort to offer compliant, secure digital asset services to Canadian investors.
The registration, granted under the oversight of the Ontario Securities Commission (OSC), positions Kraken among the few global exchanges authorized to operate under Canada’s strengthened investor protection rules.
The approval follows a years-long pre-registration undertaking (PRU) process — a regulatory framework requiring crypto firms to meet high standards in governance, compliance, and risk management. Kraken says the effort significantly bolstered its internal protocols and aligns with its longstanding commitment to consumer protection and operational transparency.
“This registration is a testament to the high bar Kraken has always set for consumer protection, client service, and robust security,” said Cynthia Del Pozo, who was announced as Kraken’s new General Manager for North America alongside the registration news.
Del Pozo brings nearly 15 years of experience in fintech consulting, corporate development, and operations. In her new role, she will lead Kraken’s next growth phase across the continent, with a strong focus on scaling the company’s presence and deepening relationships in Canada.
“Canada is at a turning point for crypto adoption,” said Del Pozo. “I’m thrilled to join Kraken’s mission at this critical moment, and to ensure we continue to serve our clients long-term with innovative and compliant products.”
Kraken has seen rapid growth in Canada over the past two years. During the PRU process, it doubled both its Canadian team and monthly transacting user base, and surpassed $2 billion in client assets under custody.
Kraken’s registration follows that of Coinbase, which became the first international cryptocurrency exchange to be registered in Canada. The approvals signal growing regulatory clarity and reinforce Canada’s appeal to global digital asset platforms seeking compliant expansion.
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