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The Toronto-based online brokerage company, which recently got a licence to launch a new bank, said it is working on bringing crypto to its platform. (The Logic)
Talking point: Questrade is the first Canadian bank to publicly express an interest in launching crypto trading, another example of how the cautious banking sector is increasingly embracing digital assets. The Logic previously reported that Questrade mulled making an offer for Toronto crypto firm WonderFi after U.S. stock trading giant Robinhood announced plans to buy it in February. Canada’s banking watchdog recently raised the amount of exposure to bitcoin, ether and other unbacked crypto assets banks can have, but it still effectively penalizes holdings by requiring them to hold a significant amount in reserve to cover potential losses. Questrade spokesperson J.R. Gabriel did not directly address a question asking how the company plans to make crypto trading profitable given those rules, saying the company plans to release more details in 2026.
Editor’s note: Questrade announced its planned move into crypto in a press release. This story has been updated.
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