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 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 purchasers. Kraken, nonetheless, is dedicated to supporting Canada as a cornerstone of our world enterprise. In actual fact, we’re proud to at the moment make use of 250 Canadians who’re all working arduous to convey monetary freedom to purchasers of their house jurisdiction!
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Canada is rapidly changing into a significant participant within the crypto market. In response to a current OSC survey, 38% of Canadians consider that crypto property play a key position in monetary providers, 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 no less than weekly. This exhibits that Canadians are more and more recognizing the worth of crypto property and are actively investing in them. With its robust economic system and supportive authorities rules, Canada is a gorgeous 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 trade helps CAD spot pairs and our 24/7 help affords tailor-made help for Canadian purchasers on the lookout for a safe and dependable buying and selling platform. Over the approaching months, Kraken can be making sure modifications to providers in Canada. We’re at all times aiming to create an ideal buyer expertise and can inform our prospects earlier than implementing any modifications that may influence buying and selling. The PRU will assist preserve the integrity of our operations and assist all Canadians achieve monetary freedom via crypto.
By signing this PRU, we’re signaling our dedication to Canadian purchasers as a long run associate. We’ll proceed to dialog with regulators within the house to serve you, our purchasers, higher.
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