Shakepay Becomes First Quebec-Based Crypto Exchange to Secure CIRO Status, Join Payments Canada

Shakepay, a Canadian crypto platform, has secured CIRO investment dealer status and joined Payments Canada, marking a first for a Quebec-based exchange. This milestone enhances Shakepay's regulatory standing, securing customer protection and signaling a shift in Canada's crypto landscape. Shakepay now aligns with Canada's top financial institutions and offers customer protections like Canadian dollar cash safeguarding. The regulatory recognition increases trustworthiness among users and potential investors, setting a new industry benchmark and potentially shaping Canadian payments.

Solana (SOL) has shown resilience in maintaining its uptrend, trading at approximately $172 on Thursday, with support intact at $170 [1]. Two significant institutional investments have been announced, underscoring the growing interest in the Solana ecosystem.

DeFi Development Corp (DeFi Dev Corp) has adopted liquid staking token (LST) technology to diversify its Solana treasury, boosting and enhancing its validator operations [1]. Meanwhile, Canada-listed SOL Strategies has filed a preliminary prospectus to raise $1 billion for investing and building infrastructure within the Solana ecosystem [1].

Despite the recent delay in approving the Solana spot Exchange Traded Fund (ETF) by the US Securities and Exchange Commission (SEC) until October, institutional interest remains robust [1]. The technical outlook for Solana is bullish, with the asset trading within an ascending channel and holding key moving averages [1].

Shakepay, a Canadian crypto platform, has secured CIRO investment dealer status and joined Payments Canada, a first for a Quebec-based exchange [2]. This regulatory milestone enhances Shakepay's standing, securing customer protection and aligning with top Canadian financial institutions. The move signals a significant shift in Canada's crypto landscape, offering new benchmarks for regulatory compliance and customer safeguards.

References:
[1] https://www.fxstreet.com/cryptocurrencies/news/solana-broadly-steadies-as-institutional-interest-expands-to-the-ecosystems-liquid-staking-202505291341
[2] https://www.shakepay.com/news/press-releases/shakepay-secures-ciro-investment-dealer-status-and-joins-payments-canada/