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Kraken has expanded its services in Colombia with the
activation of local payment rails. The move allows clients to deposit Colombian
pesos directly using domestic payment methods. Deposits are automatically
converted to US dollars at transparent exchange rates, removing the need for
international wire transfers.
The company has also extended its services in Europe. Kraken
now operates
in all 30 European Economic Area countries under its Markets in
Crypto-Assets license. Kraken’s MiCA-regulated entity is authorized by the
Central Bank of Ireland and now serves EEA clients directly.
Kraken Launches COP Deposits in Colombia
“Colombia is one of the most dynamic crypto markets in Latin
America, with a digitally engaged population and a growing appetite for
decentralized financial tools,” said Mark Greenberg, Kraken Global Head of
Consumer. “This integration marks an important step in giving Colombian clients
more accessible, secure entry points into the global crypto economy.”
Crypto adoption in Colombia has grown steadily, driven by
increased financial digitization, interest in stablecoins, and demand for
cross-border remittances. Kraken said its local funding support aims to reduce
onboarding friction and provide institutional-grade infrastructure.
Kraken expands access in Colombia with local payment integration https://t.co/oaYeZXPXbg
— Crypto Brothers (@LosKruptos) December 4, 2025
Crypto Services Scale Across Latin America
The company’s expansion in Colombia is part of a broader
strategy in Latin America. Kraken has already introduced foundational
infrastructure in Argentina and Mexico, with the goal of scaling its regional
presence.
Colombian clients now have access to local COP payment
rails, over 500 digital assets and global liquidity, competitive foreign
exchange rates, and 24/7 support. Kraken said this rollout is designed to serve
a range of users, from first-time participants to advanced traders.
Tokenized Equities Now Trade Around Clock
Kraken has enabled
24/7 trading for its tokenized stocks, extending “xStocks” from a 24/5
schedule to full-week coverage. The initial rollout includes 10 popular
equities, such as TSLAx, SPYx, and NVDAx.
Each token is fully backed by its underlying asset.
Available in over 160 countries across multiple blockchains, the feature allows
professional traders to react to global events outside traditional market
hours, reflecting broader efforts to apply crypto infrastructure to capital
markets.
This article was written by Tareq Sikder at www.financemagnates.com. and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this
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