By giving these undertakings, unregistered CTPs agree to comply with provisions that address investor protection concerns and are consistent with requirements currently applicable to registered CTPs. These commitments are generally consistent with requirements currently applicable to registered CTPs and are intended to address investor protection and level-playing-field concerns, as explained below. 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. Satstreet Inc.’s Pre-Registration Activities Undertaking has expired as of May 1, 2025. Satstreet Inc. is not registered, and has requested an opportunity to be heard in respect of its registration application, which is currently before the Director. Gemini Trust Company no longer offers services to retail clients in Canada. Staff’s review of Gemini’s request for certain exemptive relief is ongoing.

Crypto Trade 365

On March 29, 2021, the OSC communicated to crypto asset trading platforms that they must contact Staff to initiate the registration process, or face enforcement action. Registered and unregistered platforms are reminded that OSC staff may review their compliance with securities law requirements, including in relation to advertising and marketing. 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. The OSC continues to work with firms (for which it is Principal Regulator) that initiated compliance discussions with Staff to assess the appropriate path to registration in Ontario. Unregistered platforms operating in Ontario that are non-compliant may be included on the OSC Investor Warnings and Alerts Page and subject to regulatory action, including temporary orders. False or misleading advertising and improper marketing strategies raise concerns about the fitness of a firm and its principals for registration.

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 above. As explained in CSA Staff Notice 21-332 Crypto Asset Trading Platforms: Pre-Registration Undertakings – Changes to Enhance Canadian Investor Protection, the Canadian Securities Administrators (CSA) expect unregistered CTPs that satisfy eligibility criteria to provide a pre-registration undertaking to their Principal Regulator while their applications for registration and related relief are reviewed.

It offers a vertically integrated solution for trading, clearing, and settlement. Its website touts the platform’s “ease of trading” and “proven reliability” with round-the-clock support and “institutional-grade” security. Through Bitstamp, users can trade a handful of currencies, including Bitcoin, Bitcoin Cash and Litecoin. Its Bitstamp Earn feature lets users earn rewards for “staking,” or holding assets for a certain amount of time, the website explains. The company says it specializes in bitcoin and crypto derivatives, including physically delivered futures and options.