U.S.-based cryptocurrency trading platform Kraken stated that it will continue to operate in Canada and comply with stricter rules set out by Canada’s financial regulator, The Canadian Securities Administrators. The company announced that Kraken had filed a preregistration application with Canada’s Securities Commission to become a “restricted dealer” in Canada. Canada has tightened its crypto exchange rules and given a deadline to crypto companies to agree to stricter pre-registration requirements. This caused some large firms to leave the country’s crypto market – OKX and Deribit among them – while others claim they will stay. Restricted dealers in Canada are those who don’t fall under the umbrella of other types of dealers. These entities trade securities for their own accounts, or for others.