Kraken has launched direct Colombian peso (COP) deposits for its users in the country, simplifying access to cryptocurrency. Clients can now fund their accounts using local payment methods, avoiding the need for international wire transfers. Deposits are automatically converted to US dollars.
The move targets one of Latin America’s most active crypto markets, where adoption has grown due to remittance demand and interest in digital assets.
“This gives Colombian clients more accessible, secure entry points into the global crypto economy,” said Mark Greenberg, Kraken’s Global Head of Consumer.
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The expansion is part of Kraken’s broader strategy in Latin America, following groundwork laid in Argentina and Mexico. The platform also announced it now operates across all 30 European Economic Area countries under its recently secured EU crypto license (MiCA).
Additionally, Kraken has extended trading hours for its tokenized stocks—like Tesla and Nvidia—to 24/7, allowing trading outside traditional market hours.
