Canada-based fintech and global digital investing service Wealthsimple is reportedly planning to launch a cryptocurrency trading feature, Wealthsimple Crypto. Founded in 2014, Wealthsimple claims it is investing “on autopilot” is building its users a personal, low-cost portfolio, and putting users’ money to work like the “world’s smartest investors.”
“We’re on a mission to bring smarter financial services to everybody, regardless of age or net worth.”
While sharing details about the upcoming crypto trading feature, Michael Katchen, co-founder and CEO of Wealthsimple, stated:
“There’s a significant amount of interest around cryptocurrency in Canada, but there are a lot of barriers to safely buy and sell these assets on a Canadian platform. With Wealthsimple Crypto, we saw an opportunity to do what we do best – remove those barriers by giving Canadians access to an affordable, easy and secure crypto product that is built for everyone.”
Reports also confirm that at the time of its launch, WealthSimple Crypto will allow users to make unlimited commission-free trades at all times of the day and year. Wealthsimple went onto add that users will also get real-time quotes as well as withdrawals and deposits that may be made in Canadian dollars.