Cryptoasset trading platforms

Some platforms that facilitate the trading of cryptoassets must comply with securities legislation. These platforms must be registered with the AMF as dealersA dealer (or broker) is a professional who manages the transaction between the client and a financial institution, insurance company or stock exchange.
For example, the dealer conducts the stock exchange transaction to buy or sell on behalf of the client.
In damage insurance, a broker may offer the products of several insurers while an agent sells the products of a single insurance company. 
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In order to provide Québec investors with the opportunity to buy and sell cryptoassets, the platforms must meet requirements regarding their operations, internal controls and the disclosures provided to clients.

Warning

Transactions involving crypto assets are not covered by Deposit protection.

End of the warning

Platforms registered with the AMF

Plateform name Company name Website

Bitbuy 

Bitbuy Technologies Inc.

bitbuy.ca

Coinberry

Coinberry Limited

coinberry.com

Coinsquare 

Coinsquare Capital Markets Ltd.

coinsquare.com

Fidelity Digital Assets 

Fidelity Clearing Canada ULC

fidelitydigitalassets.com

Hibit

Hibit Technology Ltd. hibit.com

Netcoins

 Netcoins Inc.

netcoins.ca

Newton

Newton Crypto Ltd.

newton.co

Shakepay

Shakepay Inc.

shakepay.com

VirgoCX

VirgoCX Inc.

virgocx.ca

Wealthsimple

Wealthsimple Investments Inc.

wealthsimple.com

Registration process

Before being registered

A platform must go through a registration process in the course of which the AMF analyzes the registration application based on registration suitability criteria, including competence, integrity and solvency. These requirements are intended to mitigate risks for investors, particularly regarding fraud.

During this process

The platform must file a pre-registration undertaking whereby it agrees to comply with current laws and regulations. The terms and conditions with which the platform agrees to comply are generally intended to better protect investors. However, signing this undertaking during the review period does not mean that the platform is registered with the AMF.

Once registered

The platform is subject to random inspections of its activities by the AMF or another Canadian securities regulator, which ensures that the platform complies with the applicable legal and regulatory requirements.

Warning

A platform’s registration as a dealer does not eliminate the risks and volatility related to cryptoassets.

End of the warning

Platforms having filed a pre-registration undertaking

Platform name

Pre-Registration Undertaking (PRU)

PRU signing date

ByteX Financial Ltd. et al, operating as ByteX

PRU This link will open in a new window

(on the CSA’s website)

March 24, 2023

Coinbase Canada, Inc. et al, operating as Coinbase

PRU (pdf - 370 KB)This link will open in a new windowUpdated on April 4, 2023

March 24, 2023

Foris DAX, Inc., operating as Crypto.com

PRU This link will open in a new window

(on the CSA’s website)

August 3, 2022

DigiFinex Canada Limited et al, operating as DigiFinex

PRU This link will open in a new window

(on the CSA’s website)

March 24, 2023

Gemini Trust Company, LLC et al, operating as Gemini

PRU This link will open in a new window

(on the CSA’s website)

March 24, 2023

Payward Canada Inc. et al, operating as Kraken

PRU This link will open in a new window

(on the CSA’s website)

March 24, 2023

NDAX Canada Inc., operating as NDAX

PRU This link will open in a new window

(on the CSA’s website)

March 24, 2023

Satstreet Inc.

PRU This link will open in a new window

(on the CSA’s website)

March 24, 2023

Shakepay Inc. et al, operating as Shakepay

Registered as a restricted dealer on May 25, 2023

March 23, 2023

Uphold Worldwide Ltd. et al, operating as Uphold

PRU This link will open in a new window

(on the CSA’s website)

March 27, 2023

Visit: Canadian Securities Administrators (CSA) This link will open in a new window