Kraken Expands in Colombia with Local Payment System Support

Highlights:

• Kraken now supports local Colombian peso (COP) deposits for easier access to crypto.
• Colombia’s crypto market sees growth, boosted by Kraken’s local integration.
• Kraken continues expanding across Latin America, starting with Colombia, Mexico, and Argentina.

Kraken, a leading cryptocurrency exchange, has expanded its operations in Colombia. The platform is now supporting deposits in Colombian pesos (COP), a decision that will see more Colombian users easily access the cryptocurrency market. According to the blog post, this new option removes the necessity of international wire transfers, simplifying the trading of crypto in Colombia.

Kraken’s Expansion Strategy in Latin America

Kraken is expanding into Colombia as part of its broader Latin America strategy to grow its operations. The platform already has a substantial presence in Argentina and Mexico. The introduction of the local payment integration in Colombia strengthens Kraken in a region with a growing adoption of cryptocurrencies.

Colombia, in particular, is among the most vibrant markets for cryptocurrencies in the region. This is primarily facilitated by a digitally active population and an increased desire to use decentralized financial tools.

🚀 Kraken expande su plataforma en Colombia 🇨🇴

Los usuarios podrán realizar depósitos y retiros en pesos colombianos (COP) de manera directa.

Esto elimina transferencias internacionales y agiliza la conversión a dólares.

Kraken busca fortalecer su presencia en Latinoamérica en… pic.twitter.com/mavEX3RE4N

— Diario฿itcoin (@DiarioBitcoin) December 5, 2025

Mark Greenberg, a global head of consumer at Kraken, said:

“Colombia is a rapidly developing crypto market in Latin America, with a digitally active population and an increasing desire to use decentralized financial solutions.”

The strategy of Kraken represents the commitment of the company to grow in Latin America to offer accessible and secure solutions to cryptocurrency users. Having access to 500+ digital assets, international liquidity, and favorable foreign exchange rates, Kraken positions itself as a leader in the region’s growing crypto economy.

Boosting Crypto Adoption in Colombia

The Colombian market has been increasingly demanding digital finance solutions. Cryptocurrencies, particularly stablecoins like USDT and USDC, have become very popular as Colombians use them for saving, remittance, and daily spending.

Currently, the transaction volume of stablecoins in Colombia stands at an average of over $20 million per firm. This figure will likely increase fourfold by 2027, as wallet usage rises and the payment trend shifts to digital payment.

The effort by Kraken to incorporate local payment rails in Colombia aims to minimize entry barriers among new users. Kraken makes it easy to enter the crypto environment by enabling direct deposits in COP. This value not only reduces costs but also enables faster and more efficient transactions. This is essential in markets with higher remittance requirements, such as Colombia.

Kraken’s Global Expansion and 24/7 Trading

The expansion of Kraken in Colombia also contributes to the global expansion strategy of the company. The exchange now operates in 30 European Economic Area (EEA) countries under its MiCA regulatory license, further establishing its presence in the global market. This global presence ensures that Kraken customers on multiple continents have access to the cryptocurrency services reliably and consistently.

In addition to expanding to new markets, Kraken has also introduced a 24/7 trading option to its tokenized stocks. This enables users to trade popular equities like Tesla (TSLAx) and Nvidia (NVDAx) outside traditional market hours. Kraken offers more flexibility to professional traders and investors with this feature, enabling them to respond to global market events in real time.

Kraken also launched its High-Touch VIP program, which provides customized services to ultra-high-net-worth clients. This program links high-end traders and dedicated relationship managers. In addition, it offers them priority support and early access to Kraken’s product offerings.

https://t.co/PdgAupQior

— Kraken (@krakenfx) December 4, 2025

Recently, Kraken announced a strategic alliance with Deutsche Börse, one of the leading financial institutions in Germany. The partnership will help in bridging the gap between the traditional and digital markets to integrate regulated infrastructure and crypto-native expertise.