We are excited to announce we are expanding services in Colombia through the activation of local payment rails. The introduction of COP funding reflects Kraken’s continued investment in building infrastructure enabling individuals to have secure and frictionless access to crypto around the world.
With local payment integration now live, clients in Colombia can deposit COP directly through trusted domestic payment methods. Deposits are automatically converted to USD at competitive, transparent exchange rates – eliminating the need for international wire transfers and streamlining the overall user experience.
“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.”
Crypto adoption in Colombia continues to grow steadily, driven by increased financial digitization, strong interest in stablecoins, and demand for cross-border remittance options. Kraken’s local funding support reduces onboarding friction and brings institutional-grade infrastructure to one of the region’s most active digital asset communities.
This milestone is part of Kraken’s broader strategy to scale its presence across Latin America, beginning with foundational infrastructure in key markets including Argentina, Mexico, and Colombia.
Kraken’s expansion in Colombia is underpinned by a commitment to delivering relevant, local solutions to clients. Colombian clients now benefit from:
- Local COP payment rails
- Access to 500+ digital assets and global liquidity
- Competitive FX rates and transparent pricing
- Industry-leading security and 24/7 support
This rollout positions Kraken to support a wide range of Colombian clients – from first-time crypto participants to advanced traders.