We’re happy to announce that Kraken has filed a pre-registration enterprise (PRU) with the Ontario Securities Fee. This PRU is a step on the street to turning into registered as a Restricted Vendor throughout Canada and demonstrates our dedication to following the Canadian Securities Directors’ not too long ago enhanced investor safety steering for crypto exchanges.
Given the extra work required to acquire a regulatory license, some world exchanges have restricted or stopped providing providers to Canadian shoppers. Kraken, nevertheless, is dedicated to supporting Canada as a cornerstone of our world enterprise. In actual fact, we’re proud to at present make use of 250 Canadians who’re all working onerous to carry monetary freedom to shoppers of their dwelling jurisdiction!
Canada is rapidly turning into a significant participant within the crypto market. In response to a latest OSC survey, 38% of Canadians imagine that crypto belongings play a key function in monetary providers, and 31% of Canadians plan to purchase crypto belongings within the subsequent 12 months. Moreover, 13% of Canadians already personal crypto belongings, and amongst those that maintain crypto belongings, 27% commerce them no less than weekly. This exhibits that Canadians are more and more recognizing the worth of crypto belongings and are actively investing in them. With its robust financial system and supportive authorities rules, Canada is a horny marketplace for crypto buyers and the nation is prone to proceed to be a significant participant within the crypto market within the years to come back.
Kraken is already very energetic in Canada. Our change helps CAD spot pairs and our 24/7 assist gives tailor-made help for Canadian shoppers searching for a safe and dependable buying and selling platform. Over the approaching months, Kraken will likely be guaranteeing adjustments to providers in Canada. We’re all the time aiming to create an ideal buyer expertise and can inform our prospects earlier than implementing any adjustments that can influence buying and selling. The PRU will assist preserve the integrity of our operations and assist all Canadians acquire monetary freedom via crypto.
By signing this PRU, we’re signaling our dedication to Canadian shoppers as a long run accomplice. We are going to proceed to dialog with regulators within the house to serve you, our shoppers, higher.
