The Toronto-based firm is calling itself “the first pure-play crypto-trading platform in Canada to be fully registered across all provinces and territories” after receiving approval from the Ontario Securities Commission to operate for two years while it seeks registration as an investment dealer. (The Logic)
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The Toronto-based firm is calling itself “the first pure-play crypto-trading platform in Canada to be fully registered across all provinces and territories” after receiving approval from the Ontario Securities Commission to operate for two years while it seeks registration as an investment dealer. (The Logic)
Talking point: There are now two crypto-trading platforms operating with the approval and oversight of Canadian securities regulators. Fintech company Wealthsimple was the first, receiving approval to operate in August 2020—approval that came with restrictions on trading limits and tokens offered that its hundreds of unregistered competitors didn’t have to face, as The Logic reported in March. More approved platforms may be on the way—in late March, following The Logic’s report, the OSC announced a crackdown on the sector, giving platforms a deadline of April 19 to start the process of coming into compliance.
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