Kraken, a cryptocurrency exchange, is reaping the benefits of remaining in Canada, despite competitors such as Binance and OKX announced plans to leave. Kraken’s customer deposits in the country increased by 25% in the weeks following Binance’s announcement in early May, and it observed a fivefold spike in downloads of its two mobile apps for Canadian clients within a week of OKX’s announcement in March. A Kraken spokesperson emailed the information to CoinDesk. Canada tightened its regulatory environment for digital asset trading early this year, causing several of the top crypto exchanges to leave. In addition to Binance, the largest exchange by volume traded, and OKX, crypto businesses Paxos, Blockchain.com, and Deribit have also announced their participation.