Coinbase Seeks Clearer Canadian Crypto Rules for Expanded Services

Coinbase is pushing for clearer crypto rules in Canada to expand its DeFi and tokenized assets services, according to Coinbase Canada CEO Eric Richmond.

The company wants to bring more of its U.S. products to Canada, including derivatives, decentralized finance (DeFi) services, and tokenized assets, but says the current regulatory framework must evolve first.

Richmond spoke at the Blockchain Futurist Conference in Toronto, where he emphasized that Coinbase aims to become a comprehensive blockchain-powered financial platform rather than just a cryptocurrency trading venue.

He stated that Canada needs a dedicated legal framework for crypto businesses, providing long-term certainty instead of relying on temporary approvals and exemptions.