The Montreal-based fintech, which lets customers buy Bitcoin and Ether, is adding a variety of Canadian dollar services traditionally offered by banks, including direct deposit, bill payments and Interac e-transfers. (The Logic)

Talking point: Shakepay and other Canadian crypto platforms have been diversifying their revenue streams amid a prolonged industry downturn. Shakepay follows its larger competitor Wealthsimple in offering both crypto trading and traditional financial services. The platform has long differentiated itself by focusing on helping clients save money and hold Bitcoin for the long term, rather than catering to speculative traders. In an email to The Logic, Shakepay spokesperson Amy Cole said the company did not need any new regulatory approvals to offer the services and already abides by the same rules regarding custody and segregation of assets, working capital and insurance as banks.