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NDAX Files Pre-Registration Undertaking (PRU) with the Canadian Securities Administrators

Apr 03, 2023
byNDAX Labs

At NDAX, our mission has always been to provide Canadians with safe, simple, and compliant access to digital assets. As a Canadian-owned and operated cryptocurrency trading platform, we are dedicated to serving the unique needs of the Canadian market, investing in local innovation, and working closely with regulators to ensure a secure and transparent environment for our customers.

We take pride in our commitment to innovation and safety in the digital asset space. Our platform has consistently introduced groundbreaking features and services tailored for the Canadian market while prioritizing the security of our customers' assets. NDAX is the only Canadian crypto trading platform to have successfully passed the SOC 2 Type 2 audit, demonstrating our unwavering focus on maintaining the highest security standards and ensuring the safety of our customers' investments.

In response to the evolving regulatory landscape in Canada, NDAX has filed a Pre-Registration Undertaking (PRU) with the Canadian Securities Administrators (CSA) to ensure continued compliance with Canadian regulations. We continue to have discussions with the CSA as we pursue registration in Canada. This decision reflects our proactive approach to regulation and our dedication to working with policymakers on a strong crypto regulatory framework for Canadians. We applaud the Canadian securities regulators' efforts to bring clarity to the industry and look forward to our ongoing collaboration with them on regulation that protects consumers while fostering innovation.

As we advance towards completing our registration with the new Self-Regulatory Organization (SRO), we are dedicated to establishing a cooperative relationship with government representatives, regulatory authorities, and other key players in the industry. Our aim is to actively contribute to the development of regulations while promoting a clear and informed understanding of crypto in Canada, ensuring its acceptance and growth across the country.

As a Canadian company, we are proud to employ a talented team of Canadians and support our local economy. We believe that our deep understanding of the Canadian market and our commitment to excellence will help us continue to deliver the best possible experience for our customers and achieve our mission of creating a more accessible financial system through digital assets.

As we continue to adapt to the evolving regulatory landscape, we are excited to have you by our side. Our team is committed to keeping you informed every step of the way, and we will be sharing more updates with you in the coming weeks. We value your trust and look forward to serving you with the same level of dedication and excellence you have come to expect from us.

Thank you for your continued support,
The NDAX team