Coinbase aims to become Canada's "everything exchange," pushing into derivatives, tokenized assets, and DeFi while calling for permanent crypto regulations

Coinbase's Lucas Richmond attributes delays not to slow regulators but to structural differences between U.S. and Canadian rules, while noting Canadian regulators are actively listening and open to new frameworks. He praised Canada's Stablecoin Act, enacted earlier this year after the U.S. passed the GENIUS Act, which led Wealthsimple-, Shopify- and National Bank of Canada-backed Tetra Trust to launch CADD, Canada's first regulated financial institution-issued Canadian-dollar stablecoin. Richmond argued for codifying existing practices into a harmonized 'national instrument' across provincial regulators to reduce legal uncertainty for builders.

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