Summary
Coinbase becomes the first international cryptocurrency exchange registered in Canada, meeting strict legal requirements for crypto trading and investment access. Canada ranks as Coinbase’s third-most crypto-aware nation globally, and the company sees potential in the market. Registration reflects the industry’s growing pains in politics as regulators debate fitting crypto within financial laws. Coinbase has also secured registrations in several other countries, while continuing its battle with US securities regulators.
Key Points
1. Coinbase has become the first international cryptocurrency exchange registered in Canada, achieving regulatory progress that it couldn’t find in the United States.
2. The registration as a “Restricted Dealer” under the Canadian Securities Administrators (CSA) means Coinbase meets Canada’s strict legal requirements for crypto trading and investment access.
3. Canada is seen as a valuable market by Coinbase due to its highly educated and technology-savvy population, making it the third-most crypto-aware nation globally for the company.