Coinbase has officially launched in Canada, securing a registration license from the Canadian Securities Administrators. This makes it the first international crypto exchange to meet the country’s regulatory requirements, reflecting its commitment to global expansion.
Coinbase has achieved a significant milestone by securing a registration license from the Canadian Securities Administrators (CSA), allowing it to operate as a restricted dealer in Ontario. This marks Coinbase as the first international crypto exchange to meet Canada’s stringent regulatory requirements for crypto asset dealings. The move is part of Coinbase’s broader strategy to expand globally and navigate diverse regulatory landscapes, especially amid ongoing challenges in the United States.
Lucas Matheson, Coinbase’s Country Director for Canada, emphasized the importance of this achievement, highlighting the company’s commitment to compliance and customer trust. He noted that Canada’s regulatory environment has been more favorable compared to the US, where Coinbase faces significant legal hurdles from the Securities and Exchange Commission.
This strategic expansion reflects Coinbase’s efforts to leverage Canada’s educated and technology-savvy population, enhancing access to the digital economy. It also underscores the firm's dedication to building a compliant platform for Canadians. With this license, Coinbase aims to strengthen its global presence, following similar regulatory approvals in Ireland, France, Spain, Singapore, Italy, and the Netherlands.
