We are excited to announce that we are expanding our services in Colombia with the activation of local payment rails. The introduction of COP funding reflects Kraken’s continued investment in building infrastructure to enable individuals to have secure and frictionless access to crypto around the world.
With local payment integration, Colombian customers can deposit COP directly through trusted national payment methods. Deposits are automatically converted to USD at competitive and transparent exchange rates, eliminating the need for international wire transfers and streamlining the overall user experience.
“Colombia is one of the fastest growing crypto markets in Latin America, with a digitally engaged population and a growing appetite for decentralized financial tools,” said Mark Greenberg, global head of consumer at Kraken. “This integration marks an important step in providing Colombian customers with more accessible and secure entry points into the global crypto economy.”
Crypto adoption in Colombia continues to grow steadily, driven by increased financial digitalization, strong interest in stablecoins, and demand for cross-border remittance options. Kraken’s local financial support reduces onboarding friction and brings institutional-grade infrastructure to one of the region’s most active digital asset communities.
This step is part of Kraken’s broader strategy to expand its presence across Latin America, starting with core infrastructure in key markets including Argentina, Mexico and Colombia.
Kraken’s expansion into Colombia is built on a commitment to providing locally relevant solutions to its clients. Colombian customers now benefit from:
- Local COP payment rails
- Access to 500+ digital assets and global liquidity
- Competitive exchange rates and transparent pricing
- State-of-the-art security and 24/7 support
This deployment allows Kraken to support a wide range of Colombian customers – from new crypto participants to advanced traders.
