People Mentioned
Partner, Corporate, Calgary
With new cryptocurrency products having recently entered the Canadian market, this is an indication crypto trading is being absorbed into the mainstream, says Matt Burgoyne, partner and Chair of the Digital Assets and Blockchain practice, in an interview with The Globe and Mail.
“I think in five to 10 years, it will be difficult to differentiate between crypto and traditional finance,” says Matt.
He expresses concern, however, that what he calls Canada’s “very heavily regulated” crypto industry faces a restrictive policy environment that could put the country at a disadvantage. Matt also says the U.S. has “leapfrogged” Canada in recent years in crypto market adoption and regulation. In Matt’s view, the Clarity Act — proposed U.S. legislation that would create a clear regulatory framework for cryptocurrencies — may force Canadian regulators to revise policies to remain competitive.
On June 30, digital brokerage Webull Canada announced it would offer cryptocurrency trading after receiving approval from the Canadian Investment Regulatory Organization. One day later, U.S. brokerage Robinhood Markets Inc. officially launched its popular trading app in Canada with a focus on crypto.
Webull is not the first digital brokerage to cross into cryptocurrencies in Canada. Customers of Wealthsimple — an Osler client — have been able to trade digital assets on the platform since 2020, and Canadians using other brokerages can trade 76 Canadian-listed cryptoasset ETFs.
If you subscribe to The Globe and Mail, you can read the full article by Andrew Galbraith posted on July 7, 2026.
People Mentioned
Partner, Corporate, Calgary
