Coinbase Gains Restricted Dealer License in Canada, Stocks Up +2.1% Pre: CNBC

Coinbase has successfully secured a restricted dealer license in Canada, marking a significant expansion into the Canadian market amid ongoing regulatory challenges in the United States. The cryptocurrency exchange has been registered in Ontario as a restricted dealer under the Canadian Securities Administrators (CSA), an umbrella organization of Canadian securities regulators. This development comes as Coinbase faces a regulatory crackdown by the U.S. Securities and Exchange Commission (SEC). Coinbase's chief policy officer, @faryarshirzad, expressed excitement over the registration, highlighting Canada's sophisticated market and the substantial adoption of cryptocurrency across the population. Coinbase is now the first international and largest exchange to be registered in Canada. The news was reported by CNBC and comes as Coinbase's stock saw a +2.1% increase in pre-market trading.