Canadian Regulated Cryptocurrency Exchange Wealthsimple Begins Trading

Canadian Regulated Cryptocurrency Exchange Wealthsimple Begins Trading
фото показано с : news.bitcoin.com

2020-9-23 18:30

Following the regulatory sandbox approval by Canadian regulators, Wealthsimple announced that it has launched “Canada’s first regulated crypto platform.” The new crypto exchange is regulated by the federal government as well as regulators in 13 provinces and territories in Canada.

Wealthsimple Crypto Regulated in All Provinces and Territories in Canada

Canadian investment management firm Wealthsimple announced Tuesday that its cryptocurrency exchange has launched. The company explained that Wealthsimple Crypto is “Canada’s first regulated crypto platform” that offers “No minimums or fees for deposits or withdrawals,” elaborating:

Wealthsimple has the first regulated crypto trading platform in Canada … You can now buy and sell bitcoin and ethereum with Wealthsimple Crypto.

The company’s cryptocurrency arm, Wealthsimple Digital Assets Inc. (WDA), received regulatory approval from the Canadian Securities Administrators (CSA) on Aug. 7 to launch a cryptocurrency trading platform. The firm applied for “exemptive relief” in all Canadian jurisdictions as permitted in “CSA Staff Notice 21-327 Guidance on the Application of Securities Legislation to Entities Facilitating the Trading of Crypto Assets.” The CSA comprises securities regulators from each of the 10 provinces and three territories in Canada.

Cryptocurrencies traded on Wealthsimple’s platform are held by Gemini Trust Company, a New York-based regulated crypto custodian with $200 million in cold storage insurance coverage, the company described. After opening a dedicated Wealthsimple Crypto account, users can buy, sell, and hold their cryptocurrencies within the Wealthsimple Trade app which can also be used to buy and sell stocks, bonds, and exchange-traded funds (ETFs). Deposits and withdrawals can only be made in Canadian dollars.

Wealthsimple’s general counsel Blair Wiley detailed:

There are 13 provinces and territories in Canada, and each one regulates us. Plus, we are regulated by the federal government.

In all Canadian jurisdictions other than Québec, WDA is registered as a restricted dealer, whereas it is registered as a derivatives dealer in Québec. With offices in Toronto, New York, and London, Wealthsimple claims to have over 175,000 users worldwide.

What do you think about Wealthsimple’s regulated crypto exchange? Let us know in the comments section below.

The post Canadian Regulated Cryptocurrency Exchange Wealthsimple Begins Trading appeared first on Bitcoin News.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Canada eCoin (CDN) на Currencies.ru

$ 0.0037441 (+0.46%)
Объем 24H $1
Изменеия 24h: 24.14 %, 7d: 30.10 %
Cегодня L: $0.0030161 - H: $0.003747
Капитализация $364.735k Rank 99999
Доступно / Всего 97.416m CDN

regulated crypto regulators canadian exchange canada wealthsimple

Источник: news.bitcoin.com

regulated crypto → Результатов: 126


Фото:

В Канаде начала работу первая регулируемая криптовалютная биржа

Поддерживаемая братьями Уинклвоссами Wealthsimple Crypto получила статус первой регулируемой криптобиржи Канады. Во вторник, 22 сентября, платформа запустила торги для всех жителей страны. Wealthsimple Crypto is the simplest way to trade Bitcoin and Ethereum and now the wait is over! Get access to: ✔️ Canada's first regulated crypto platform ✔️ Simple, transparent pricing ✔️ No minimums or fees for deposits or withdrawals — Wealthsimple (@Wealthsimple) September 22, 2020 Пользователи могут торговать BTC и ETH через мобильное приложение Wealthsimple Crypto.

2020-9-23 19:12


Crypto trading platform AlgoTrader integrates liquidity from Enigma Securities

Enigma Securities, a crypto liquidity provider focused on electronic execution services, announces its new partnership with algorithmic trading software company AlgoTrader. Enigma will also be joining AlgoTrader’s recently launched WIRESWARM platform, an advanced order and execution management platform allowing financial institutions to trade at multiple regulated crypto liquidity venues.

2020-7-22 14:38


Paxos introduces service enabling companies to integrate crypto buying and selling

CryptoNinjas » Paxos introduces service enabling companies to integrate crypto buying and selling Paxos Trust Company, a regulated bitcoin and blockchain asset financial institution, today introduced Paxos Crypto Brokerage, a new product offering that enables companies to integrate cryptocurrency buying, selling, holding and sending capabilities into their own applications.

2020-7-16 13:36


Фото:

Fueling the Cannabis Industry: US Crypto Lending Service Files for Regulated Token Sale

Chicago-based lending firm Ceres recently filed for a request to conduct a Reg. A sale in order to get approval from the U.S. Securities and Exchange Commission (SEC). Ceres wants to launch a token that will be used for garnering equity, while the company also wants to launch a coin that can be used to […] The post Fueling the Cannabis Industry: US Crypto Lending Service Files for Regulated Token Sale appeared first on Bitcoin News.

2020-7-11 04:30


DeFi Startup Eidoo Partners With Contis To Launch Visa Crypto Card For EU, and UK Users

Eidoo, a Swiss-based Defi startup has partnered with Europe’s principal Visa member Contis to offer Visa crypto debit cards in Europe and the United Kingdom. The new Visa crypto debit card would support Bitcoin and Ethereum while utilizing regulated stablecoins to offer crypto-to-fiat conversion to negate the volatility factor associated with crypto assets. The card […]

2020-5-27 23:25


Фото:

Grayscale Director: Smart Money is Flooding into Crypto at Remarkable Rate

The widespread money printing that has come about as a result of the Coronavirus pandemic will eventually lead to massive inflation rates for fiat currencies Although the crypto market’s participants have long seen digital currencies as a way to escape the impacts of this, it now appears that “smart money” is taking notice as well The managing director for Grayscale Investments is now noting that his company’s regulated crypto funds are seeing unprecedented inflows Bitcoin […]

2020-5-21 21:00


AlgoTrader launches advanced crypto order and execution platform WIRESWARM

Banks and other financial institutions are now able to gain easy and cost-effective access to the most liquid and regulated crypto trading venues at the lowest trading fees. Today, AlgoTrader has launched a platform that does just that by allowing banks to gain simple yet secure access to crypto exchanges, market-makers and brokers in order […] CryptoNinjas: AlgoTrader launches advanced crypto order and execution platform WIRESWARM

2020-4-22 11:37


US-based FinCEN Regulated CoinZoom Launches Crypto Exchange and Visa Prepaid Card

A crypto FinCEN regulated crypto exchange launched its own debit card with which digital asset holders can make payments for services and goods using their digital assets. CoinZoom is based in Utah and made on Wednesday the announcement that it’s going to start onboarding new retail and institutional clients, also that it will provide a […]

2020-3-19 20:33


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru