Canada’s Wealthsimple aims for real-world cryptocurrency use as it looks beyond trading

TORONTO, Jan 31 (Reuters) – Canadian online brokerage Wealthsimple wants to chart a future enabling the real-world use of cryptocurrencies rather than simply facilitating trading, but is likely to face unexpected costs and uncertain regulatory terrain along the way.Launched in 2014 as a stock-trading platform, Wealthsimple currently has C$15 billion ($11.9 billion) in assets. It added cryptocurrency trading in August 2020 with Bitcoin and Ethereum, and has since added more coins, hosted wallets and inward transfer capabilities, and has said it intends to enable withdrawals.Wealthsimple’s first-mover advantage in crypto has helped it to break into a narrow slice of Canada’s financial industry …
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