WIF and PEPE can now be traded in Canada on Kraken
Kraken initially listed WIF back in February. As for PEPE, the upstart meme cryptocurrency landed on the exchange last May. Bitcoin Omega Candle Coming: Samson Mow Shows 'Big Short' Michael Burry's Style
Last year, Kraken managed to expand its market share in Canada after Binance's departure. One of the oldest cryptocurrency exchanges experienced a sharp rise in deposits. Kraken first started operating in Canada more than a decade ago. It offers various CAD sport pairs. The exchange also has thousands of team members based in the country. This was a major step on its path to securing restricted dealer licenses in the country. Coinbase, one of Kraken's top competitors, finally achieved this feat in April.
In its blog post, Kraken wrote that Canada had emerged as a major player within the cryptocurrency space. It pointed to a survey showing that more than a third of Canadians believe that crypto could be used for financial services. , less than 20% of Canadian owners actually actually used crypto for buying goods or services. At the same time, 7% of Canadians have used crypto primarily for payments ransoms.
Meanwhile, the exchange is facing legal problems in the U.S. Last November, the SEC slapped the company with a lawsuit. As Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
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