The battle to become Canada’s next major Bitcoin exchange is far from over, as more and more companies are focusing their attention on that region of the world. The latest major name to join the fray is none other than popular global Bitcoin exchange Kraken, thanks to a partnership with Vogogo.
Kraken Sees Potential in the Canadian Market
It goes without saying that expanding the Bitcoin exchange business to Canada is a logical step for any established company in the space. With most of the major Canadian Bitcoin exchanges shutting down in 2014 and 2015, there is a power vacuum that needed to be filled by other companies, such as QuadrigaCX.
Kraken CEO Jesse Powell stated that the company is seeing a lot of unexplored potential in the Canadian market at the moment. And with very little competition in that market, the Canadian Bitcoin enthusiasts will gladly welcome additional platforms where they can buy and sell Bitcoin in exchange for Canadian dollars.
In order to accommodate that demand, Kraken will support payments through Interac e-Transfer and electronic fund transfers. As is the case with the trading services offered in other regions of the