The firm said it has been registered in Ontario as a restricted dealer under the Canadian Securities Administrators (CSA), an umbrella organization of Canada's provincial and territorial securities regulators.
The crypto exchange said that this authorization means the company now meets the Canadian regulators' strict requirements for crypto assets dealings and can operate legally in the country.
The policy changes led Binance, the world's largest crypto exchange by trading volumes, to quit its activity in Canada, saying it was "no longer tenable" to operate there.
Rival crypto exchange Kraken said last year that it had filed a pre-registration undertaking (PRU) with the Ontario Securities Commission, effectively starting the process to become a registered dealer in Canada.
The company says it is the first international crypto exchange to receive restricted dealer registration in Canada.
Persons:
Coinbase, Kraken
Organizations:
Getty, CNBC, Canadian Securities Administrators, Ontario Securities Commission
Locations:
Suqian, Jiangsu Province, China, Canada, U.S, Ontario