Coinbase Canada CEO Eric Richmond outlined plans to launch the ‘Everything Exchange’ in Canada during an interview on BNN Bloomberg. This new ambition will merge crypto, stocks, ETFs, and prediction market trading into a single account without switching apps.
The primary goal is not just expanding investment options, but disrupting the outdated operating hours of the traditional financial system.
Challenging the 4 PM Bank Schedule
Richmond highlighted the weaknesses of banks that shut down right at 4 PM, followed by slow wire transfers that leave customers waiting for days. Coinbase designed its new ecosystem to eliminate those outdated routines. This 24/7 trading model places them on a direct collision course with Robinhood and a host of conventional Canadian stockbrokers.
To complement its services outside the United States, the exchange is scheduled to launch tokenized stocks this month. Stocks hosted on blockchain networks offer instant transaction settlement, eliminating the concept of market closing sessions typical of traditional stock exchange floors.
In the United States, the app’s framework is already live. Local users have been able to trade nearly 10,000 stocks and ETFs from one place since February 2026. The prediction market feature launched a month earlier in January 2026, following an integration with Kalshi - a federally licensed prediction market entity with an estimated valuation of $22 billion.
The Final Hurdle: Local Dollar Regulation
Despite technical readiness, there is no confirmed launch date for the Canadian market. Management is prioritizing coordination with local regulators to smooth the licensing process. Their standing is strong, backed by their legal status as the first international crypto exchange officially registered in the country since April 2024.
The prerequisite for a full rollout hinges on draft rules from the Bank of Canada. The central bank is expected to enforce stablecoin regulations only in 2027. This framework represents the final lock before Coinbase can list Canadian dollar-pegged stablecoins on its platform. Without a supply of local digital dollars, user capital flow to purchase these assets will remain constrained.
For traditional financial institutions, this maneuver brings a new challenge. Their rival today is not simply competing on fee differences, but refusing to shut down outside of business hours.
Reported by Decrypt.
Also read: How to Read Candlestick Charts for Beginners
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
