📣 Kraken Expands Globally: Now Available in Canada 🇨🇦, Australia 🇦🇺, the UK 🇬🇧, and More

📣 Kraken Expands Globally: Now Available in Canada 🇨🇦, Australia 🇦🇺, the UK 🇬🇧, and More

Kraken continues its international expansion strategy:

➡️ In Canada, the platform has secured a restricted dealer registration. During the pre-registration process (PRU), the number of monthly active users doubled, and assets under custody surpassed CAD 2 billion.

🔸 Canadian clients can now take advantage of free deposits through Interac e-Transfer, with a primary focus on institutional clients.

🔸 Kraken has also expanded its crypto offerings and introduced new CAD trading pairs, allowing users to save on conversion fees.

🔸 Context: Canada was the first country to launch spot Bitcoin and Ethereum ETFs in 2021 and installed one of the first Bitcoin ATMs in Vancouver. According to a 2024 Innovative Research Group survey, 30% of Canadian investors hold digital assets.

➡️ Kraken Institutional is also expanding in the UK and Australia:

🔸 In both regions, services primarily target institutional clients.

🔸 Benefits include direct integration with Kraken products, asset custody, management, and segregated fund accounts.

🔸 Kraken Custody, the main custody service, currently supports BTC, ETH, and ERC20 tokens, offered by Kraken Financial, a registered U.S. bank.

🔸 In the UK, ClearBank will be the main partner, providing fiat payment infrastructure via the Faster Payments Service (FPS) and virtual IBAN accounts. This functionality is expected to become available across Europe by late 2025.

#news #crypto #USA #Europe #Australia

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