As reported by The Globe and Mail, Fidelity Clearing Canada received approval from the Investment Industry Regulatory Organization of Canada on Wednesday to launch a Bitcoin trading and custody platform.
The firm also plans to cater to retail investors with its regulatory filing for a Bitcoin exchange-traded funded and mutual fund, which was submitted earlier this week.
Two years prior, QuadrigaCX, the country’s largest cryptocurrency exchange at the time, collapsed after the sudden and mysterious death of its co-founder, Gerald Cotten, resulting in the loss of access to stored funds in cold wallets.