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)* |
|---|---|---|
| Coinbase Canada, Inc. | Restricted Dealer (Dealer) | April 3, 2024 |
| Coinsquare Capital Markets Ltd., also carrying on business as Bitbuy | Investment Dealer (Dealer and Marketplace) | October 11,2024 |
| Fidelity Clearing Canada ULC (Fidelity Digital Assets) | Investment Dealer (Dealer) | April 18, 2024 |
| Fidelity Digital Assets Services, LLC | Exempt Marketplace and Clearing Agency | January 18, 2023 |
| Foris DAX CAN ULC, Foris DAX Limited and Foris Holdings US, Inc. (operating as Crypto.com) | Restricted Dealer (Dealer) | May 8, 2025 |
| Ndax Canada Inc. | Investment Dealer (Dealer and Marketplace) | December 19, 2024 |
| Netcoins Inc. (Netcoins) | Restricted Dealer (Dealer) | September 29, 2025 |
| Newton Crypto Ltd. | Restricted Dealer (Dealer) | March 12, 2025 |
| Payward Canada Inc. and Payward Inc. (carrying on business as Kraken) | Restricted Dealer (Dealer) | April 1, 2025 |
| Shakepay Inc. | Investment Dealer (Dealer) | January 8, 2025 |
| Wealthsimple Investments Inc. | Investment Dealer (Dealer) | December 18, 2023 [Effective January 1, 2024] |
Platforms Not Currently Registered
The CTPs listed below are not registered by the Commission to offer crypto products to investors in New Brunswick for one of the following reasons:
- Their pre-registration undertaking has expired without their application for registration being granted.
- Their exemptive relief has expired and has not been renewed.
- They have been granted a suspension or surrender of their registration.
| Name | Prior Category of Registration | Date |
|---|---|---|
| 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] |
| ByteX Financial Ltd. et al operating as ByteX | March 24, 2023 | |
| Coinberry Limited (Coinberry) | Restricted Dealer (Dealer) | August 19, 2021 [Expired – business acquired by Bitbuy] |
| DigiFinex Canada Limited et al operating as DigiFinex | March 24, 2023 | |
| Gemini Trust Company, LLC et al operating as Gemini | March 24, 2023 | |
| Hibit Technology Ltd. | Restricted Dealer (Dealer) | September 14, 2023 |
| Satstreet Inc. | March 24, 2023 | |
| Simply Digital Technologies Inc. (carrying on business as CoinSmart) | Restricted Dealer (Dealer and Marketplace) | December 21, 2021 [Expired – business acquired by Bitbuy] |
| Uphold Worldwide Ltd. et al operating as Uphold | March 27, 2023 | |
| VirgoCX | Restricted Dealer (Dealer) | January 30, 2025 |
| Wealthsimple Digital Assets Inc. (Weathsimple) | Restricted Dealer (Dealer) | June 23, 2023 [Expired January 1, 2024] |
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.