Registered crypto asset trading platforms
This page was last updated on February 22, 2023.
The following crypto asset trading platforms have received exemptive relief to offer crypto products to investors in Ontario:
|Name||Category of Registration||Date of Exemptive Relief
(Most recent decision only)
|Bitbuy Technologies Inc. (Bitbuy)||Restricted Dealer (Dealer and Marketplace)||November 30, 2021|
|Bitvo Inc.||Restricted Dealer (Dealer)||April 25, 2022|
|Coinberry Limited (Coinberry)||Restricted Dealer (Dealer)||August 19, 2021|
|Coinsquare Capital Markets Ltd.||Investment Dealer (Dealer and Marketplace)||October 12, 2022|
|Fidelity Clearing Canada ULC (Fidelity Digital Assets)||Investment Dealer (Dealer)||April 18, 2022|
|Fidelity Digital Asset Services, LLC||Exempt Marketplace and Clearing Agency||January 18, 2023|
|Netcoins Inc. (Netcoins)||Restricted Dealer (Dealer)||March 24, 2022|
|Newton Crypto Ltd.||Restricted Dealer (Dealer)||August 15, 2022|
|Simply Digital Technologies Inc. (carrying on business as CoinSmart)||Restricted Dealer (Dealer and Marketplace)||December 21, 2021|
|VirgoCX||Restricted Dealer (Dealer)||May 30, 2022|
|Wealthsimple Digital Assets Inc. (Wealthsimple)||Restricted Dealer (Dealer)||June 18, 2021|
Registered crypto asset trading platforms are subject to terms and conditions, which can be viewed in the individual exemptive relief decisions linked in the chart above.
As explained in CSA Staff Notice 21-332 Crypto Asset Trading Platforms: Pre-Registration Undertakings - Changes to Enhance Canadian Investor Protection, the Canadian Securities Administrators (CSA) expect unregistered CTPs that satisfy eligibility criteria to provide a pre-registration undertaking to their Principal Regulator while their applications for registration and related relief are reviewed. By giving these undertakings, unregistered CTPs agree to comply with provisions that address investor protection concerns and are consistent with requirements currently applicable to registered CTPs. These commitments are generally consistent with requirements currently applicable to registered CTPs and are intended to address investor protection and level-playing-field concerns, as explained below.
The following crypto asset trading platforms have entered into a pre-registration undertaking with their principal regulator to continue operations while their application for registration is reviewed.
|Name||Date of pre-registration undertaking|
|Foris DAX, Inc. operating as Crypto.com||August 3, 2022|
|Coinsquare Capital Markets Limited||[Replaced by exemptive relief decision above]|
On March 29, 2021, the OSC communicated to crypto asset trading platforms that they must contact Staff to initiate the registration process, or face enforcement action.
The OSC continues to work with firms (for which it is Principal Regulator) that initiated compliance discussions with Staff to assess the appropriate path to registration in Ontario.
Unregistered platforms operating in Ontario that are non-compliant may be included on the OSC Investor Warnings and Alerts Page and subject to regulatory action, including temporary orders.
Registered and unregistered platforms are reminded that OSC staff may review their compliance with securities law requirements, including in relation to advertising and marketing. False or misleading advertising and improper marketing strategies raise concerns about the fitness of a firm and its principals for registration. For recent guidance, see Joint CSA-IIROC Staff Notice 21-330 Guidance for Crypto-Trading Platforms - Requirements relating to Advertising, Marketing and Social Media Use.
Visit the Canadian Securities Administrators’ website for a list of crypto asset trading platform decisions in other jurisdictions.