Coinbase's Canada CEO outlined plans to bring derivatives, onchain DeFi and tokenized assets to the country, though regulatory approvals are unconfirmed.
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Coinbase plans to bring derivatives and tokenized assets to Canadian users, alongside onchain DeFi access, a report citing the company's Canada CEO said.
The CEO, Lucas Matheson, said the exchange sees Canada as a key market for product development, according to the report. The expansion is specific to Canada and not part of a global rollout, the report said.
The report did not specify launch dates or whether the necessary regulatory approvals, including from the Ontario Securities Commission, are in place. Derivatives and tokenized securities typically fall under different oversight than spot crypto trading in Canada, the report noted.
Matheson said the planned offerings include derivatives contracts, onchain lending and swapping, and tokenized versions of traditional assets such as stocks, the report said. The company aims to offer these through a single account, the report said.
The product range targets different user segments, from active traders to those seeking onchain yield. Coinbase already offers spot trading in Canada through its exchange.
The report did not say when the products would launch or whether regulators have approved them.
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