Will Canada be a Leader in Web3? A Conversation with Kraken Canada's Mark Greenberg

Will Canada be a Leader in Web3? A Conversation with Kraken Canada's Mark Greenberg

Join Alex Tapscott as he decodes the world of DeFi with special guest Mark Greenberg, Managing Director of Canada at Kraken. Listen in as they discuss Mark’s incredible journey, experience at Scotiabank, biggest surprises upon starting work at Kraken, balancing business growth pace with regulations, the pre-registration undertaking process within Canada, pre-registered limitations, restricted versus broker-dealer comparisons, Kraken’s business size metrics, its strategy to address intensified market competition, WonderFi’s full broker-dealer license, countries’ crypto regulatory approaches, and more!

Kraken is a leading cryptoasset exchange driving global crypto adoption for financial inclusion and is a leading platform in Canada. They serve a diverse community of 10 million clients, including individuals, traders, and institutions around the world. Recently, the company took a significant step by initiating a pre-registration undertaking with the Ontario Securities Commission and is working toward becoming a Registered Dealer across Canada. Unlike others that have exited the country, Kraken continues to serve Canadian clients, proudly employing 250 Canadians across the country.

Tune in to the 109th DeFi Decoded episode to hear Alex and Mark discuss all things CeFi and Kraken. What three things surprised Mark the most about joining a firm like Kraken? What is the pre-registration process, and how does pre-registered differ from registered? What can other countries learn from Canada’s crypto regulatory approach, and what can Canada learn from others?

TIMESTAMPS
[0:00] Introduction
[2:47] Mark’s Journey to Kraken
[4:39] Experience at Scotiabank
[6:02] Biggest Surprises Starting at Kraken
[7:44] Balancing Growth Pace with Regulations
[11:33] Pre-Registration Process
[13:20] Pre-Registered Limitations
[15:04] Restricted Dealer vs. Broker Dealer
[16:27] Kraken’s Business Size
[19:18] Market Competition Strategy
[24:10] WonderFi’s Full Broker Dealer License
[25:46] Countries’ Crypto Regulatory Approaches
[32:09] Conclusion

ABOUT DEFI DECODED PODCAST

Alex Tapscott, Andrew Young and guests break down the fundamentals of Decentralized Finance (DeFi) and how this cutting-edge technology enables individuals and institutions to transact, and create value, without the need for traditional financial intermediaries.

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Part of Ninepoint Digital Partner’s DeFi Decoded Podcast Series. Available at Google, Apple, and Spotify Podcasts.