Kraken expanded its services with the activation of local payment rails in Colombia. The move will allow customers to directly deposit Colombian pesos using domestic payment methods. Deposits are automatically converted to USD at a transparent exchange rate, eliminating the need for international wire transfers.
The company is also expanding its services in Europe. Kraken currently operates in all 30 European Economic Area countries under a crypto asset market license. Kraken's MiCA regulated entity is licensed by the Central Bank of Ireland and currently serves EEA customers directly.
“Colombia is one of the most dynamic crypto markets in Latin America, with a large digitally-enthusiast population and a growing appetite for decentralized financial tools,” said Mark Greenberg, Kraken Global Consumer Director. “This integration is an important step in providing Colombian customers with a more accessible and secure entry point to the global crypto economy.”
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Cryptocurrency adoption in Colombia is steadily increasing due to increased financial digitization, interest in stablecoins, and demand for cross-border remittances. Kraken said the local financial support is aimed at reducing onboarding friction and providing agency-level infrastructure.
Kraken expands access in Colombia with local payment integration https://t.co/oaYeZXPXbg
— Crypto Brothers (@LosKruptos) December 4, 2025
Crypto services expand across Latin America
The company's expansion in Colombia is part of a broader strategy in Latin America. Kraken has already installed basic infrastructure in Argentina and Mexico with the aim of expanding its presence in the region.
Customers in Colombia 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 the rollout is designed to serve a wide range of users, from first-time participants to advanced traders.
Tokenized stocks now trade 24 hours a day
Kraken enables 24/7 trading of tokenized stocks, expanding the scope of “xStocks” from a 24/7 schedule to a week. The initial rollout includes 10 popular stocks such as TSLAx, SPYx, and NVDAx.
Each token is fully backed by its underlying assets. The feature is available in more than 160 countries across multiple blockchains, enables professional traders to respond to global events outside of traditional market hours, and reflects broader efforts to apply crypto infrastructure to capital markets.
