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.”

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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.

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.

Source: Finance Magnates