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Admiral Canada

Crypto businesses and exchanges

Programmes built for custodians, venues, OTC desks and miners.

Canadian crypto businesses operate under overlapping obligations: FINTRAC registration as money services businesses, CIRO and provincial securities oversight for trading platforms, and contractual commitments to clients that often exceed what the law requires.

Your risk sits in three places — the assets you hold, the money you move, and the liabilities you accept. We structure programmes that address each, with custody, transfer, crime, cyber and D&O cover placed so the gaps between them are visible.

Underwriters will review your SOC reports, key-management procedures and incident history. We help you present that information clearly, which tends to matter as much as the controls themselves.

Illustrative case study

An OTC desk in Montréal

An illustrative scenario: a desk settles a CAD 2.4 million trade by wire. The fiat leg clears; the counterparty's on-ramp halts before delivering crypto. Conversion-leg cover is designed for exactly this one-sided exposure, provided the desk's documented settlement controls were followed.

Frequently asked