Crypto Trading Platforms That Have Filed Pre-Registration Undertakings

Certain unregistered crypto asset trading platforms have filed an enhanced pre-registration undertaking (PRU) with their principal regulator to continue operations while their applications for registration and related relief are reviewed. Regulators have completed a review of some of the filings.

Filing a PRU does not mean a platform will be granted registration. However, PRUs contain important investor protection commitments from unregistered crypto asset trading platforms. These commitments are generally consistent with the requirements currently applicable to registered platforms.

During this interim period the PRUs may be revised pending registration. In addition, the terms and conditions of registration or exemptive relief related to registration may be different from the terms of the PRU.

The PRUs for the following CTPs have been reviewed.

ByteX Financial Ltd. et al operating as ByteX
Crypto Asset Trading Platform
Pre-Registration Undertaking (March 24, 2023)

Foris DAX, Inc. operating as Crypto.com
Crypto Asset Trading Platform
Pre-Registration Undertaking (August 3, 2022)

DigiFinex Canada Limited et al operating as DigiFinex
Crypto Asset Trading Platform
Pre-Registration Undertaking (March 24, 2023)

Satstreet Inc.
Crypto Asset Trading Platform
Pre-Registration Undertaking (March 24, 2023)

Uphold Worldwide Ltd. et al operating as Uphold
Crypto Asset Trading Platform
Pre-Registration Undertaking (March 27, 2023)

Last refreshed on April 1, 2025

The CSA reminds Canadians that trading in crypto assets comes with elevated levels of risk and may not be suitable for many investors, particularly retail investors. Generally speaking, trading crypto assets is a speculative activity, and the value and liquidity of crypto assets are highly volatile.

Investors should consult the list of platforms that are registered with the CSA and learn the fundamentals of crypto assets before investing. While regulatory oversight plays an important role in investor protection, these measures cannot eliminate all risks associated with trading in crypto assets.