Ndax

I'm thrilled to Announce a Major Milestone in Ndax's Journey! We are now officially a member of CIRO (Canadian Investment Regulatory Organization), proudly registered as an Investment Dealer and recognized as a Marketplace (Alternative Trading System) across Canada. Starting our journey several years ago, when most people barely knew what cryptocurrency was, we faced numerous challenges. Leaving a career in a well-established financial institution to embark on this new path with other like-minded individuals was a leap of faith. But we were ready for the challenge because we believed in alternative financial products and the power of innovation. Obtaining MSB registration with FINTRAC, setting up banking accounts, and becoming operational in record time were just the first of many accomplishments. Fast forward to today, I am incredibly proud to share that Ndax is now a Dealer Member of CIRO. This remarkable achievement would not have been possible without the unwavering support of our users, the dedication of our employees, the expertise of our legal team, and the guidance from regulators. As we celebrate this milestone, we remain committed to driving innovation, ensuring compliance, and delivering exceptional value to our users. Here's to many more successes together! Thank you for being part of our journey.

In 2017, buying Bitcoin in Canada was hard – and even a little scary. We believed in Bitcoin and other cryptocurrencies, and we knew Canadians deserved a better way to invest. So, with $1.5 million in startup capital and a mission to simplify crypto, we rolled up our sleeves and got to work. The journey began with getting registered with FINTRAC as a Money Services Business. We secured a pilot bank account with a Canadian financial institution (a Crown corporation) – no small feat at the time – and wrote a policies and procedures manual so thick it could double as a doorstop. We built a platform that made it easy for Canadians to buy and sell crypto seamlessly through their bank accounts. I remember sitting down with Bilal Hammoud, and looking at our competitors’ numbers. We thought, “If we can capture even 1/4th of that volume, we’ll have made it.” Fast forward to today, and Ndax has just achieved a huge milestone: ✅ We are now a registered Investment Dealer under CIRO and recognized as a Marketplace (ATS) across Canada. This isn’t just a win for Ndax – it’s a win for Canadian crypto investors who deserve a platform that meets the highest regulatory standards. But we’re just getting started. Here’s what we’ve accomplished recently: 📈 $1.2 billion in monthly trading volume – our highest since 2021. 👥 450% increase in user signups in the last 30 days. 💰 $1 billion in assets under custody. 🏦 Ndax holds one of the largest amounts of Bitcoin among Canadian organizations in our strategic reserve. And we’re not stopping there. With regulation now solidly in place, we’re ready to roll out new products and features that will redefine what’s possible in crypto trading. This journey started with a few passionate individuals in Alberta. Today, we’re on the path to becoming a Canadian unicorn. 🦄 To our community: Thank you. Your trust and support have fueled this growth. The future of crypto in Canada is brighter than ever, and we’re excited to keep building it – together.

I’m excited to announce a significant milestone in NDAX’s journey: We are now officially a member of CIRO (Canadian Investment Regulatory Organization), proudly registered as an Investment Dealer and recognized as a Marketplace (Alternative Trading System) across all provinces and territories in Canada. This achievement would not have been possible without the relentless efforts of the NDAX team, who have worked tirelessly over the past two years to make this vision a reality. A heartfelt thank you also goes to our BLG ( Legal) for their invaluable expertise and guidance throughout this process. Finally, I want to express our gratitude to the CIRO team and the ASC team for their collaboration and support during this journey. At NDAX, we see this milestone as just the beginning. Our focus remains on delivering innovative products and solutions that will continue to shape and enhance the Canadian market. https://lnkd.in/gmyPxjuQ