Montréal-based crypto platform Shakepay is now a CIRO-certified investment dealer, becoming Québec’s first crypto firm to meet this rigorous standard. Customers trading Bitcoin and Ethereum gain CIRO oversight and $1 million CAD insurance coverage for cash via the CIPF, though not for crypto assets.
Shakepay split into Shakepay Inc., focusing on CIRO compliance, and Shakepay Financial, managing cash and payments. Co-founded in 2015, Shakepay pivoted to crypto trading in 2018 and now serves 1.4 million users. Amid growing regulation, Shakepay aims to bolster trust in Canadian crypto markets, positioning Bitcoin as a secure, long-term investment.
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