Binance News: Kraken Expands Footprint in Canada with Restricted Dealer Registration and New North America GM Appointment

In a significant move to bolster its presence in the Canadian crypto market, Kraken has secured a Restricted Dealer registration, adhering to new investor protection guidelines. To spearhead its growth in the region, the exchange has appointed Cynthia Del Pozo as its new General Manager for North America.

Kraken Secures Restricted Dealer Registration in Canada, Appoints New North America GM

Kraken has secured a Restricted Dealer registration in Canada, solidifying its presence in the Canadian crypto market while adhering to new investor protection guidelines for crypto exchanges. As part of its expansion, Kraken has appointed Cynthia Del Pozo as the General Manager for North America. Del Pozo will oversee Kraken’s growth in Canada, focusing on bolstering its regulatory, political, and commercial partnerships. To further enhance accessibility, Kraken is offering free Interac e-Transfer deposits for Canadian clients, aiming to simplify and reduce the cost of crypto investing. This achievement follows a detailed pre-registration process, during which Kraken enhanced its governance, security, and compliance standards.

VanEck Files for BNB ETF: Major Coin Entering ETF Race?

Investment giant VanEck has officially filed for a spot Binance Coin (BNB) exchange-traded fund (ETF) in Delaware. The filing, submitted on April 1, lays the groundwork for what could be a major development for BNB. While BNB-related investment products such as the 21Shares Binance BNB ETP exist in global markets, no BNB-specific ETF has ever been launched.