NewsCryptoCoinbase Plans “Everything Exchange” Push for Canada

Coinbase Plans “Everything Exchange” Push for Canada

Author: Decrypt·

Key Takeaways

  • Coinbase plans to offer crypto, stocks, ETFs, and prediction markets together in a single app for Canadian users under its "Everything Exchange" model.
  • Coinbase became the first international crypto exchange registered in Canada in April 2024 and is coordinating with domestic regulators on the expanded offering.
  • The U.S. version is already operational, with stock and ETF trading launched in February 2026 via a Yahoo Finance partnership and prediction markets added in January through Kalshi.
  • Tokenized stocks featuring instant settlement, around-the-clock trading, and full dividend rights are planned for non-U.S. customers including Canadians.
  • The Bank of Canada is expected to finalize stablecoin implementing regulations in 2027, which Coinbase needs before listing a Canadian dollar stablecoin and completing the full rollout.
Coinbase Plans “Everything Exchange” Push for Canada

Coinbase Canada CEO Eric Richmond said the company is working to bring its “Everything Exchange” model to Canadian users, positioning Coinbase as more than a crypto trading platform.

The proposed product would combine crypto, stocks, ETFs, and prediction markets in one app and under one account. Coinbase has not announced a firm launch date for Canada, but Richmond said the company is pursuing the effort while working with local regulators.

Richmond told BNN Bloomberg this week that Coinbase wants Canadian users to see the platform as a broader financial app. The company’s “Everything Exchange” concept would include crypto assets, stocks, ETFs—funds that track baskets of assets such as the S&P 500—and prediction markets, where users wager real money on outcomes of real-world events such as elections or sports results.

“I think chapter one of Coinbase in Canada was really about being a crypto exchange,” Richmond said. “But now phase two of that is the Everything Exchange. How do we create that one place for Canadians to have their entire financial experience in one app that's underpinned by this technology that makes things frictionless, seamless, and 24/7?”

Coinbase has not set a hard launch date for the Canadian rollout. The company says it is working closely with domestic regulators, building on a relationship that developed after Coinbase became the first international crypto exchange registered in Canada in April 2024. Canada has taken a comparatively structured approach to crypto oversight, with provincial securities regulators requiring exchanges to sign pre-registration undertakings and comply with investment dealer rules—a framework that has prompted some global platforms to exit the market while encouraging others, like Coinbase, to invest in compliance.

The U.S. version of the expansion is already in progress. Coinbase opened stock and ETF trading to eligible U.S. users in February 2026 through a partnership with Yahoo Finance, according to an official Coinbase blog post. The company also launched prediction markets in January through Kalshi, a federally regulated prediction market operator now valued at $22 billion.

As Decrypt reported in June, Coinbase’s roadmap for the Everything Exchange includes nearly 10,000 stocks and ETFs on a single platform.

Tokenized stocks—shares in real companies recorded on a blockchain rather than in a traditional brokerage system—are planned for non-U.S. customers, including Canadians, this month, according to a previous official Coinbase blog post. Coinbase says those tokenized shares would settle instantly, trade around the clock, and include full dividend rights. Richmond described the push as an access issue.

Asked about competition from Robinhood and traditional Canadian brokerages, Richmond said he was not especially concerned. In Canada, that competitive set also includes domestic fintechs like Wealthsimple, which has built a sizable user base by offering both stock trading and crypto within a single platform—a model that mirrors the convergence Coinbase is now pursuing.

“I think people are starting to realize the fact that banks close at 4 p.m., or the markets close at 4 p.m., or that wires can take days to settle, or that access for high-net-worth individuals to certain products are gated for just those high-net-worth individuals,” he told BNN Bloomberg.

His five-word summary was: “Rising tide lifts all boats.”

The Bank of Canada is expected to finalize stablecoin implementing regulations in 2027. That remains the last major regulatory piece Coinbase needs before it can list a Canadian dollar stablecoin and fully roll out the Everything Exchange in the country.