As regulatory frameworks around the world tighten, Kraken has become one of the latest crypto exchanges to solidify its presence in North America by securing a Restricted Dealer registration in Canada. Under the supervision of the Ontario Securities Commission (OSC), this move ensures Canadian clients can now access secure and compliant crypto products.

Kraken is also expanding its leadership team, appointing Cynthia Del Pozo as General Manager for North America. With nearly 15 years of experience in fintech consulting and corporate operations, Del Pozo is expected to lead Kraken’s growth in Canada and across the U.S., focusing on regulatory, political, and strategic partnerships.

To further attract Canadian users, Kraken is offering free Interac e-Transfer deposits, removing a major barrier to crypto investing for retail clients.

A Shift in the Regulatory Landscape

The approval follows a comprehensive pre-registration process during which Kraken enhanced its compliance, security, and governance standards. With Canada taking a stricter stance on digital asset exchanges, Kraken’s success may serve as a blueprint for other crypto and fintech platforms looking to operate in the region.

For prop trading firms, particularly those exploring expansion into crypto-funded accounts or alternative asset classes, Kraken’s regulatory milestone underscores the importance of compliance-first strategies.

Kraken Expands in the UK with FCA Approval

Meanwhile, Kraken continues to build its presence in the UK, having received an Electronic Money Institution (EMI) license from the Financial Conduct Authority (FCA). This license enables Kraken to offer faster deposits and withdrawals and issue electronic money — a development that supports its broader strategy in Europe.

The FCA approval further positions Kraken as a major player in the crypto sector, especially as it leads in GBP-denominated trading volumes and offers access to over 300 cryptocurrencies.

What This Means for Prop Firms

The rise of regulated crypto exchanges like Kraken may open new opportunities for prop firms interested in offering crypto trading models. From potential B2B integrations to white-label funding platforms, the shift toward licensing and compliance could pave the way for collaboration between traditional prop trading models and regulated crypto infrastructure.

As markets evolve, firms that stay ahead of regulatory developments — especially in key jurisdictions like Canada and the UK — will be better positioned to adapt, innovate, and scale

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