Coinbase has officially been registered as a Restricted Dealer by the Canadian Securities Administrators (CSA).
This milestone, following the formal launch in August 2023, reinforces Coinbase’s commitment to Canada as a Go Deep market.
The registration is the culmination of months of hard work, starting in March 2023 when Coinbase signed an Enhanced Pre-Registration Undertaking. Throughout this process, Coinbase has closely collaborated with Canadian regulators to establish a policy framework that serves as a global benchmark.
The registration is one step of many Coinbase has taken in recent months to grow in Canada. These include:
- Announcing Coinbase’s official Canadian launch in August 2023: This was marked by the completed roll-out of Interac payment rails in partnership with Peoples Trust, empowering all Canadian Coinbase users to seamlessly deposit and withdraw funds (CAD) to and from their Coinbase wallets through Interac e-transfers. This is helping make crypto more accessible to millions of Canadians.
- Brian Armstrong’s visit to Canada: Coinbase’s CEO visited Toronto in November 2023 to meet with the Coinbase local team, its partners and the wider crypto community. He participated in two fireside chats: with Sid Paquette, Head of RBCx, and Tobi Lütke, Co-Founder and CEO of Shopify and Coinbase board member.
- Expanding Coinbase’s Canadian presence: its commitment to fostering a user-centric crypto platform tailored for Canadians is exemplified by Coinbase’s robust Canadian tech hub. Boasting nearly 200 full-time local employees, Canada is Coinbase’s largest tech hub outside the US.
- Investing in Canada’s thriving tech and developer ecosystem: Through Coinbase Ventures, the company has nurtured local startups that contribute to innovation, entrepreneurship, and technological advancement in fields ranging from risk assessment to asset management. Notable Canadian portfolio partners include Dapper Labs, Minerva AI, Axelar, Horizon Blockchain Games, and Zapper.
