Calgary’s crypto asset trading platform Bitvo is now registered as a restricted dealer under the securities laws of all provinces and territories in Canada.
Bitvo is one of the first Canadian crypto asset trading platforms to achieve the restricted dealer designation. Bitvo is also registered with FINTRAC as a Money Services Business in the Virtual Asset Service Provider category. These registrations demonstrate to Bitvo’s customers and other stakeholders Bitvo’s commitment to security, transparency and compliance.
“We are extremely proud of the Bitvo team’s hard work and dedication throughout this lengthy process, which we know is only the beginning of a developing crypto asset landscape within Canada,” commented Bitvo CEO Pamela Draper.
“To be one of the first to achieve this hard-earned designation demonstrates Bitvo’s commitment to offering customers a safe and secure platform on which to buy and sell crypto assets, while simultaneously offering customers unique features such as the Bitvo Cash Card and proprietary trading tools.”
Bitvo differentiates itself by making transacting in crypto assets easier than anyone else and offering proprietary features such as the Bitvo Same Day Guarantee, the Bitvo Cash Card and technical trading analysis tools.
Bitvo stores fiat funds at major Canadian banks and crypto assets are stored primarily in cold storage with BitGo Trust Company, a licensed trust company with the South Dakota Division of Banking with US$100 million of insurance.