Canada Crypto Exchange FAQ (OSC, FINTRAC)

Short answers on which crypto exchanges are registered in Canada, which were penalised and what changes with the Stablecoin Act.

Which crypto exchanges are registered in Canada?

14 crypto asset trading platforms are registered to serve investors in Ontario, including Coinbase, Kraken, Crypto.com, Wealthsimple, Coinsquare (Bitbuy), Shakepay, Newton and Ndax. Full list.

Is Binance registered in Canada?

No. Binance is not on the OSC list of registered platforms. FINTRAC imposed a C$6,002,000 penalty on Binance Holdings Limited on 7 May 2024, which Binance appealed.

Is Bybit allowed in Canada?

Bybit is not on the OSC list. Under a 2022 Ontario settlement, Bybit disgorged US$2,468,910 and undertook to accept no new Ontario accounts while registration discussions continue.

Is KuCoin banned in Canada?

In June 2022 the Capital Markets Tribunal permanently banned KuCoin's operators from Ontario's capital markets. FINTRAC imposed a C$19,552,000 penalty on Peken Global (KuCoin) in July 2025, which is under appeal.

Is Gemini registered in Canada?

No. The OSC lists Gemini among platforms no longer registered and says it no longer offers services to retail clients in Canada.

When does the Stablecoin Act take effect?

It received Royal Assent on 26 March 2026; its provisions start on a date fixed by order. Finance Canada expects 2027.