Crypto Exchange CoinSmart Now Registered as a Restricted Dealer in Canada

Announcements, News, Regulation | November 1, 2021 By:

Crypto exchange CoinSmart has announced that its wholly owned operating subsidiary Simply Digital Technologies Inc. is now registered as a restricted dealer under securities laws across Canada.

CoinSmart provides customers with an intuitive trading platform for buying and selling digital assets, like Bitcoin and Ethereum, combined with the seamless ability to on-ramp and off-ramp fiat. CoinSmart is registered as a money services business with the Financial Transactions and Reports Analysis Centre (FINTRAC) in Canada and in multiple jurisdictions.

CoinSmart becomes one of only a few crypto asset trading platforms in Canada to be registered as a securities dealer at a time when the digital asset industry continues to rapidly expand.

CoinSmart is also one of the first Canadian headquartered trading platforms to have a global presence, accepting customers across 40+ countries. The Canadian securities dealer registration will accelerate CoinSmart’s momentum in rolling out numerous exciting initiatives over the coming months including:

  • public listing on a regulated Canadian exchange
  • the addition of new crypto assets
  • the launch of a mobile app for iOS and Android devices
  • extending operations to multiple exciting jurisdictions
  • public listing on a European exchange

“CoinSmart is delighted to have received approval from the Ontario Securities Commission and securities regulators across Canada for CoinSmart to become registered as a restricted dealer,” said CEO, Justin Hartzman. “Today’s announcement is an important step in CoinSmart’s journey to be the largest crypto trading platform in Canada. With the digital asset industry growing at such rapid rates, this registration allows CoinSmart to continue expanding our operations in Canada and offering Canadians the best trading platform service in the country. As one of the first crypto companies in Canada to be registered under securities laws, CoinSmart is now strongly positioned to continue to grow alongside the broader industry.”