Kraken has announced the acquisition of a restricted dealer registration in Canada to strengthen its presence in the market, especially following the exit of rival exchange Gemini. This registration signifies Kraken's compliance milestone, allowing it to provide services to Canadian investors while managing over $2 billion in assets under custody. The firm highlighted that this type of registration is supervised by the Ontario Securities Commission, providing a robust regulatory framework for its Canadian clients. Cynthia Del Pozo has been appointed as the new general manager for North America, bringing experience from her previous role at Gemini. Despite the challenges in the regulatory landscape, Del Pozo expressed optimism about the growing crypto market in Canada, emphasizing Kraken's commitment to innovating and meeting client needs respectfully and compliant with regulations.

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