Registered Crypto Asset Trading Platforms
Crypto asset trading platforms that hold cryptocurrencies on behalf of their clients are subject to securities legislation and must be registered with the Commission.
To be registered, crypto asset trading platforms must meet requirements regarding their operations, internal controls and client disclosure documents. 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 below.
Registered Platforms
The following crypto asset trading platforms have received exemptive relief and are registered to offer crypto products to investors in New Brunswick.
| Name of Platform | Category of Registration | Date of Exemptive Relief (Most recent decision by Principal Regulator)* |
|---|---|---|
| Bitbuy Technologies Inc. (Bitbuy) | Restricted Dealer (Dealer and Marketplace) | May 30, 2024 [Expired – business acquired by Coinsquare] |
| Bitvo Inc. | Restricted Dealer (Dealer) | April 25, 2022 [Expired – business acquired by Bitbuy] |
| Coinbase Canada, Inc. | Restricted Dealer (Dealer and Marketplace) | April 3, 2024 |
| Coinberry Limited (Coinberry) | Restricted Dealer (Dealer) | August 19, 2021 [Expired – business acquired by Bitbuy] |
| Coinsquare Capital Markets Ltd., also carrying on business as Bitbuy | Investment Dealer (Dealer and Marketplace) | October 12, 2022 |
| Fidelity Clearing Canada ULC (Fidelity Digital Assets) | Investment Dealer (Dealer) | April 18, 2024 |
| Fidelity Digital Assets Services | Exempt Marketplace and Clearing Agency | January 18, 2023 |
| Hibit Technology Ltd. | Restricted Dealer (Dealer) | September 14, 2023 |
| Netcoins Inc. (Netcoins) | Restricted Dealer (Dealer) | October 6, 2023 |
| Newton Crypto Ltd. | Restricted Dealer (Dealer) | March 8, 2024 |
| Shakepay Inc. et al operating as Shakepay | Restricted Dealer (Dealer) | May 25, 2023 |
| Simply Digital Technologies Inc. (carrying on business as CoinSmart) | Restricted Dealer (Dealer and Marketplace) | December 21, 2021 [Expired – business acquired by Bitbuy] |
| VirgoCX | Restricted Dealer (Dealer) | May 30, 2024 |
| Wealthsimple Digital Assets Inc. (Weathsimple) | Restricted Dealer (Dealer) | June 23, 2023 [Expired January 1, 2024] |
| Wealthsimple Investments Inc. | Investment Dealer (Dealer) | December 18, 2023 [Effective January 1, 2024] |
Pre-Registration Undertaking Platforms
The following crypto asset trading platforms have entered into a pre-registration undertaking with their principal regulator to continue operations while their application for registration is reviewed.
| Name | Date of pre-registration undertaking accepted by Principal Regulator* |
|---|---|
| ByteX Financial Ltd. et al operating as ByteX | March 24, 2023 |
| Foris DAX, Inc. operating as Crypto.com | August 3, 2022 |
| DigiFinex Canada Limited et al operating as DigiFinex | March 24, 2023 |
| Gemini Trust Company, LLC et al operating as Gemini | March 24, 2023 |
| Payward Canada Inc. et al operating as Kraken | March 24, 2023 |
| NDAX Canada Inc. operating as NDAX | March 24, 2023 |
| Satstreet Inc. | March 24, 2023 |
| Uphold Worldwide Ltd. et al operating as Uphold | March 27, 2023 |
Unregistered platforms operating in New Brunswick that are non-compliant may be included on the Commission's Caution List and subject to regulatory action, including temporary orders.
Banned Platforms
The following crypto asset trading platforms have been banned in one or more Canadian jurisdiction.
| Name | Date of decision (Reciprocated in other provinces/territories)* |
|---|---|
| KuCoin Mek Global Limited, incorporated in the Republic of Seychelles PhoenicFin Pte. Ltd., incorporated in Singapore |
21 June 2022 |
| Poloniex Polo Digital Asset, Ltd. incorporated in the Republic of Seychelles |
27 October 2022 |
The Commission may review registered and unregistered platforms for their compliance with securities law requirements, including in relation to advertising and marketing. False or misleading advertising and improper marketing strategies are a consideration in determining 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.
*Note: Decisions are prepared by the principal regulator and may not be available in both official languages.