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 highway to changing into registered as a Restricted Seller 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 providers to Canadian shoppers. Kraken, nonetheless, 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 convey monetary freedom to shoppers of their house jurisdiction!
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Canada is shortly changing into a serious participant within the crypto market. Based on a latest OSC survey, 38% of Canadians imagine that crypto belongings play a key position 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 at the least weekly. This reveals that Canadians are more and more recognizing the worth of crypto belongings and are actively investing in them. With its sturdy economic system and supportive authorities laws, Canada is a sexy marketplace for crypto buyers and the nation is more likely to proceed to be a serious participant within the crypto market within the years to return.
Kraken is already very lively in Canada. Our alternate 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 can be guaranteeing modifications to providers in Canada. We’re at all times aiming to create an incredible buyer expertise and can inform our prospects earlier than implementing any modifications that may impression buying and selling. The PRU will assist keep the integrity of our operations and assist all Canadians achieve monetary freedom by means of crypto.
By signing this PRU, we’re signaling our dedication to Canadian shoppers as a long run associate. We’ll proceed to dialog with regulators within the area to serve you, our shoppers, higher.