The cryptocurrency-trading platform is the second in Canada—and the first owned by a publicly traded company—to gain securities regulators’ approval to offer the service. (The Logic)
Skip to content
The cryptocurrency-trading platform is the second in Canada—and the first owned by a publicly traded company—to gain securities regulators’ approval to offer the service. (The Logic)
Talking point: Canada is once again leading the way on crypto regulation. WonderFi-owned Bitbuy’s approval to offer staking—in which crypto asset holders agree to lock up tokens for a period of time and participate in the network’s security and operations in exchange for rewards—comes one week after Wealthsimple’s. The approvals, which are subject to certain conditions, are the first in the world from regulators, according to Bitbuy. Regulators gave the green light for Bitbuy to partner with Figment, a Toronto-based staking-as-a-service business with billions of dollars worth of crypto assets staked to its validators that was most recently valued at US$1.4 billion. Bitbuy plans to launch staking on Nov. 28 and will only offer the service for the Solana token to start, with plans to add Ethereum and other assets soon.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Crypto firms are paying stablecoin rewards despite a looming federal ban
Briefing
Canada to publish list of imports at risk of being made with forced labour
TMX Group acquires RAFI Indices for $683M
Ikea invests in Toronto food startup NS/TX Industries’ US$10.5M fundraise
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
