Canada has officially launched its first spot XRP exchange-traded funds (ETFs), with Purpose Investments and 3iQ listing products on the Toronto Stock Exchange (TSX). These ETF launches follow final approval from the Ontario Securities Commission (OSC) on Monday. Purpose Investments debuted its XRP ETF under the ticker XRPP. The product
Coinbase, perhaps the most significant cryptocurrency exchange in the world, is stepping into bold territory by investing in Stablecorp, which created the Canadian dollar-backed stablecoin QCAD. At the Blockchain Futurist Conference in Toronto, it was announced in a strategic tie-up reflecting Coinbase’s general intention to cultivate digital innovation within Canada.
Robinhood has announced a $179 million all-cash deal to acquire Canadian crypto firm WonderFi, accelerating its international expansion. The agreement values WonderFi shares at C$0.36 each, representing a 41% premium over the May 12 closing price and a 71% premium over the 30-day volume-weighted average. The deal, confirmed on May
Today, Crypto.com Canada made the announcement that it has been granted a restricted dealer registration on May 8, 2025 in each of the provinces and territories that make up Canada. During the time that it is working toward becoming a restricted investment dealer in Canada and becoming a member of the Canadian Investment
US prosecutors charged a Canadian national, Andean Medjedovic, with allegedly exploiting DeFi protocols Indexed Finance and KyberSwap, pilfering some $65 million through fictitious trades. On Feb. 3, the Justice Department unsealed an indictment in a Brooklyn federal court against Andean Medjedovic, charging him with hacking, attempted extortion, money laundering, and
Canadian Prime Minister Justin Trudeau has stepped down, bringing focus to opposition leader Pierre Poilievre. He is seen as the leading candidate to be Canada’s next Prime Minister. Poilievre supports cryptocurrency strongly and has promised to make Canada a “crypto capital.” This has gained him both attention and criticism as
The cryptocurrency exchange Gemini, run by the Winklevoss brothers, announced the closure of all customer accounts in Canada. The decision follows the recent Canadian Securities Administrators (CSA) tightened regulations for crypto exchanges and trading platforms operation in the country. The exchange informed the Canadian users through email notice on September
Updates on the Bank of Canada’s (BOC) website indicate that the central bank is halting development of CBDC for retail use. Although a wholesale CBDC was not mentioned in the statement, it was stressed that research was ongoing. Since the Bank of Canada has already spent a lot of time
In what would supposedly be the first of its kind in North America, digital asset manager 3iQ has applied to have its Solana exchange-traded product listed on the Toronto Stock Exchange (TSE) in Canada. Following an initial public offering, 3iQ informed X on June 20 that they had filed a
A security compromise was reported on Thursday by Catalyx, a crypto trading platform based in Canada. In this case, the cryptocurrency assets held by the exchange are at risk of being lost. The cryptocurrency exchange’s operator, CatalX CTS Ltd., issued a statement stating that an employee is believed to be
