Coinbase has gained a restricted dealer status registration with Canada, which paves the way for its growth in the country. Certification, which is confirmed by the Ontario Securities Commission (OSC), gives Coinbase the distinction of being the largest institutionally approved cryptocurrency exchange in Canada.
Lucas Matheson, CEO of Coinbase Canada, highlighted the company’s focus on collaborating with partners nationwide. They aim to integrate digital assets into mainstream financial markets, ultimately reshaping current economic systems. This specialized Coinbase platform for Canada with a 200-person team demonstrates that COIN is serious about the Canadian marketplace.
Coinbase will apply to CIRGO for registration as an investment dealer and membership with the CIRGO (Canadian Investment Regulatory Organization) and with ASP (Alternative Trading System) as well. This shuffle goes along with Coinbase’s strategy to extend its operations within the boundary of the regulatory systems in the Canadian financial market.
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