The registration is part of Coinsquare’s aim to bridge the gap between traditional financial markets and the decentralized ecosystem.
In August, the Canadian Securities Administrators (CSA) told all crypto trading platforms operating in Canada that they were expected to give their primary regulator a pre-registration undertaking and acknowledge that they are bound by the same investor protection rules as other securities traders.
Coinsquare Capital Markets Ltd. and Crypto.com were the first to comply.
“If you trade crypto today in Canada, you are investing outside the fully regulated traditional financial system with its inherent safeguards and protections,” said Coinsquare CEO Martin Piszel as the registration was announced this week. “Today, Coinsquare became the only registered crypto IIROC dealer and marketplace member. Now, for the first time, Canadians have the opportunity to invest in crypto assets, knowing that they have full IIROC protections.”
Alternative trading system
Along with Coinsquare’s new status as an IIROC investment dealer, the firm is also now approved to operate an Alternative Trading System (ATS) which it intends to develop over time to provide a liquid and transparent market, in the same way traditional equities are traded.
