Coinbase wants to expand the range of crypto products it offers in Canada, according to Eric Richmond, the company’s new CEO for the country. Richmond said the exchange aims to give Canadian users access to the same advanced products available in the U.S. market, including derivatives, DeFi services and tokenized assets.
He also called for a shift in Canada’s regulatory approach. In his view, the country needs to move away from case-by-case exemptions and adopt a dedicated, coordinated national framework for digital assets so more complex crypto products can be supported.
Richmond noted that Canada moved relatively early on spot crypto ETFs and has already passed a stablecoin bill. Even so, he said regulatory guidance in Canada has advanced more slowly and in a more fragmented way than in the U.S. He said that pace is delaying retail investors in Canada from accessing products such as higher-yield lending and broader futures trading.
Coinbase wants to offer Canadian users the same advanced crypto products available in the U.S. market, according to Eric Richmond, the company’s new CEO in Canada.
Richmond said the planned product set would include derivatives, DeFi services and tokenized assets.
Call for a national digital asset framework
Richmond said Canada needs to move away from case-by-case exemptions and toward a dedicated, coordinated national regulatory framework for digital assets. He said such a structure is needed to support more complex products.
Regulatory rollout seen as slower than in the U.S.
He added that Canada was an early market for spot crypto ETFs and has already passed a stablecoin bill.
Still, Richmond said regulatory guidance in Canada has moved more slowly and in a more fragmented way than in the United States. According to him, that is delaying Canadian retail investors from gaining access to products such as higher-yield lending and broader futures trading.
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