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 steerage for crypto exchanges.
Given the extra work required to acquire a regulatory license, some world exchanges have restricted or stopped providing companies to Canadian shoppers. Kraken, nonetheless, is dedicated to supporting Canada as a cornerstone of our world enterprise. In truth, we’re proud to presently make use of 250 Canadians who’re all working arduous to convey monetary freedom to shoppers of their house jurisdiction!
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Canada is shortly turning into a significant participant within the crypto market. In keeping with a current OSC survey, 38% of Canadians imagine that crypto property play a key function in monetary companies, and 31% of Canadians plan to purchase crypto property within the subsequent 12 months. Moreover, 13% of Canadians already personal crypto property, and amongst those that maintain crypto property, 27% commerce them at the least weekly. This reveals that Canadians are more and more recognizing the worth of crypto property and are actively investing in them. With its sturdy financial system and supportive authorities rules, Canada is a beautiful marketplace for crypto traders 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 lively in Canada. Our change helps CAD spot pairs and our 24/7 help affords tailor-made help for Canadian shoppers on the lookout for a safe and dependable buying and selling platform. Over the approaching months, Kraken might be ensuring adjustments to companies in Canada. We’re at all times aiming to create an incredible buyer expertise and can inform our clients earlier than implementing any adjustments that may impression buying and selling. The PRU will assist preserve the integrity of our operations and assist all Canadians achieve monetary freedom by way of crypto.
By signing this PRU, we’re signaling our dedication to Canadian shoppers as a long run companion. We’ll proceed to dialog with regulators within the area to serve you, our shoppers, higher.
