Coinberry CEO Addresses State of Canadian Cryptocurrency Market

Buy & Sell Bitcoin, Ethereum and Litecoin with 0% funding & 0% withdrawal fees on Coinberry

All speculation aside as to what actually transpired with QuadrigaCX last month, the Canadian cryptocurrency market is relatively small, so anytime there are perturbations of this magnitude, it affects all of us.

Today, I’d like to address the question of trust and accountability.

From the first day we founded Coinberry our goal was to build a business with long term growth potential based on providing transparent services that bring value to our users and the ecosystem as a whole.

To that end Coinberry took a pro-active approach to regulatory and legal compliance from day one. We were one of the first crypto companies to register federally with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a Money Service Business (MSB). Furthermore, we are one of only two crypto companies in Canada to have successfully completed a independent financial audit (Newswire).

We have supportive banking with several banks in Canada and abroad and segregated bank accounts with each, such that client funds and company funds never mix.

We are also strong proponents of individuals holding their own crypto, that is why we partnered up with BRD to integrate our fiat-to-crypto gateway into their wallet (Nasdaq). As the saying goes:

If you don’t own your private keys, you don’t own your Bitcoin.

We will continue to push and elevate the standards for cryptocurrency trading in Canada as the application of blockchain technology continues to grow and permeate across all segments of the financial sector.

If you have any questions or concerns please do not hesitate to contact us at support@coinberry.com

Thank you,

Andrei Poliakov

Coinberry CEO & Co-founder