Registered crypto asset trading platforms.
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 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.
The following crypto asset trading platforms have entered into a pre-registration undertaking with their principal regulator copycat crypto trading 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 copy trading crypto telegram (cryptocurrency.copy-trade.shop) 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, how to copy crypto traders 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.