Now, for the first time, Canadians have the opportunity to invest, knowing that they have full IIROC protections within the crypto market.
What does this mean for you?
Our new regulatory status means you can count on the same high standards that you have come to expect from your traditional financial institutions.
We’ve got you covered!: As an IIROC member firm, the cash held in client accounts is insured against insolvency by the Canadian Investment Protection Fund (CIPF). This means that in the unlikely event that Coinsquare (CCML) becomes insolvent, CIPF will cover any shortfall of cash held in client accounts up to $1 million CAD per account.
Your assets, held in trust: All client assets are held in trust with external, licensed custodians (Coinbase Custody and Tetra Trust Company) who have a combined $430M USD in insurance.
Safety through regulation: Being a registered IIROC investment dealer means that Coinsquare’s finances are monitored and audited by an independent IIROC-approved accounting firm, ensuring client cash holdings are never used to run Coinsquare’s operations.
Compliance creates trust: As an IIROC investment dealer member, Coinsquare is held to the highest level of regulatory compliance. Our business practices, finances, and trading activity are continuously monitored and are subject to routine audits, to ensure the business is operated safely and in the best interest of all Coinsquare clients accounting firm, ensuring client cash holdings are never used to run Coinsquare’s operations.
White glove service: Wealth clients now have access to dedicated IIROC-registered Investment Representatives who have studied and passed proficiency exams. While our Wealth Directors do not provide investment advice, they can help navigate all aspects of the crypto landscape, including market structure insights and help with account management.
Fair pricing obligations: Clients get transparent and fair pricing when trading with Coinsquare and can count on receiving the same high security standards expected from their traditional Canadian trading firms.
What is IIROC?
- The Investment Industry Regulatory Organization of Canada (IIROC) is the self-regulatory organization that oversees all investment dealers and trading activity in Canada’s debt and equity markets…
and now crypto!
- All crypto asset trading platforms are required to eventually obtain permanent regulatory status as registered investment dealers and IIROC members.
- Coinsquare’s regulated investment dealer entity and the Coinsquare Alternative Trading System are operated by the newly regulated Coinsquare Capital Markets Ltd. (CCML).
- For more information, read IIROC’s brochure: How IIROC protects investors.