Kraken to allow domestic Canadian deposits

[Mercury]

Quote

 

Hi Mercury,

While Canada residents can withdraw CAD from their accounts by convenient domestic transfers, deposits have been made by international wire to our partner bank in Japan. We are pleased to announce that we will soon launch a much better domestic option for depositing CAD!

The transition to the new domestic deposit option will start on June 25 - clients should not send CAD deposits to Japan after 5 pm PST on Monday June 25 since they must arrive in Japan no later than June 29 (they will be returned if they arrive after this date).

# Possible interruption in deposit service
Our Japan bank partner will no longer accept CAD wires after June 29 (but will continue to process other types of payments for us). The new bank integration for domestic CAD deposits is still being finalized and this process may not be completed by June 29. Canada residents should be aware of a possible interruption in deposit service after June 29. Instructions for the new deposit option will be available in your Kraken account as soon as the service is ready.

# Will withdrawals be affected?
No - Withdrawals are processed through a different payment provider and will not be affected.

Thank you for choosing Kraken, the trusted and secure digital assets exchange

The Kraken Team

 

 

[legomaracas]

43 minutes ago, Mercury said:

 

I like kraken but Deposits from here are a pain. This is good news. ?

[Mercury]

5 hours ago, legomaracas said:

I like kraken but Deposits from here are a pain. This is good news. ?

Agreed. Depositing via Japan defeated the whole point having a trade in our currency. Never mind explaining the wire instructions to a bank. I am curious who the local provider gateway is though. The list of those willing to work with cryptocurrencies is small... very small