News Summary

Coinbase Canada has appointed Eric Richmond as its new CEO, succeeding Lucas Matheson. Richmond, an experienced Canadian crypto leader, previously served as general counsel and head of business development at Shakepay, and was president of Coinsquare. He co-founded Canada’s first regulated digital asset custodian, Tetra Trust. Richmond aims to strengthen relationships with regulators, enhance crypto accessibility for Canadians, and advance blockchain integration in the financial system. This leadership change comes amidst significant developments in the Canadian crypto market, including Robinhood’s entry through its acquisition of WonderFi and new offerings from Toronto-based Koho Financial and Questrade.