Coinbase Acquired Registration as a Restricted Dealer in Canada

Coinbase, a globalized crypto currency exchange, has been awarded the Restricted Dealer license by the Canadian Securities Administrators (CSA), which makes the company the largest and first international cryptocurrency exchange registered in Canada. 

This registration process, which was in process since March 2023 when Coinbase signed an Enhanced Pre-Registration Undertaking, signified Coinbase's dedication to regulatory compliance and operational excellence. 

During this journey, Coinbase has worked closely with regulators in Canada to develop a policy framework that sets a standard globally. Additionally, Coinbase partnered with Canadian banks, investment advisors, and pension funds to showcase its commitment to helping them navigate the changing landscape of digital assets successfully.

A new survey Coinbase conducted in partnership with Angus Reid suggested that 72% of Canadians think that the regulation of cryptocurrency exchanges is important. Nearly a third of Canadians (29%) said they would be more inclined to buy cryptocurrency if there was more regulation in the industry.  Among those who did purchase crypto nearly half (49%) said they were driven by their curiosity in digital assets, while 39% said they wanted to diversify their investments and just over half (53%) said they were interested in investing to make money.