Lynn Johannson, Advisor, Sustainability and ESG
January 4th, 2024
Lynn Johannson, President of E2 Management Corporation and Catalyst for THE Collaboration
In a care[...]
Category Archives: Online Funding / Investing Portals
OSC Green Lights Kraken’s Restricted Dealer Status
Crypto | April 4, 2025
Image courtesy of Kraken's blog post
OSC Approves Restricted Dealer License for Kraken to Operate Nationally in Canada
On April 2 2025, Kraken (Payward Canada Inc.) announced that it officially received approval as a Restricted Dealer, under the new registration framework for crypto platforms. The Ontario Securities Commission (OSC) issued Payward Canada Inc's approval order (63 page PDF) and has updated their live registry of 'Registered Crypto Asset Trading Platforms', which applies nationally under the passport system that allows provinces and territories to recognize each other's decisions, so Kraken is open for business from coast to coast, from B.C. to Newfoundland to Nunavut.
Kraken also announced that based in Toronto, Cynthia Del Pozo, is its new General Manager for North America and will focus on strengthening the firms regulatory, political and commercial partnerships and scale Kraken's growth and brand across North America. To celebrate the registration milestone, Kraken is offering free Interact e-Transfer deposits for Canadians, making it easier and cheaper for users to onboard funds onto the platform.
See: Kraken Acquires Retail Futures NinjaTrader $1.5B
In Kraken's blog post, it acknowledges that Canada has played a pioneering role in crypto adoption by being the first country to install a public Bitcoin ATM (downtown Vancouver) and also the first to launch a regulated spot Bitcoin and Ethereum ETFs in 2021.
Kraken Canada's Achievements
Over the past two years, Kraken has been scaling up its activity and presence in Canada:
- Doubling its Canadian workforce and number of active users
- Surpassing $2 billion CAD in client assets under custody(announced November 2024)
- Launching Canadian dollar trading pairs to help clients avoid foreign exchange fees
- Laying groundwork to serve institutional investors seeking regulated crypto access
Limitations with Kraken's Restricted Dealer License
While obtaining a Restricted Dealer registration status is a clear win, there are some key limitations and safeguards that Kraken Canada must follow, providing a clearer picture of how the OSC and other provincial regulators are tightening crypto rules.
1. Kraken Canada's users' assets aren't insured by the Canadian Investor Protection Fund (CIPF). That means if something goes wrong with the platform, there’s no insurance on your assets. Every user has to agree to this before they can trade.
2. Kraken’s Flexible Staking program that allows users to earn rewards while keeping control of their crypto must shut down within 120 days of April 1 unless regulators grant approval or an extension. New users are already blocked from joining it.
3. Kraken isn’t allowed to help create or promote new cryptocurrencies unless it gets the green light from regulators. This rule helps prevent conflicts of interest between Kraken and the projects/tkens listed on its platform.
See: SEC Drops Yuga Labs Investigation and Kraken Case
4. If a token is labelled a security or derivative by a regulator (in Canada or elsewhere), or if the people behind it have a track record of fraud, money laundering, or other serious violations, Kraken has to stop offering it right away.
5. Canadians can only access Kraken through its local Canadian platform (overseen by Canadian regulators), and not Kraken's global site.
6. Kraken isn’t allowed to include its own crypto holdings (unless those assets are connected to client accounts) when reporting its financial position. This keeps the company from padding its numbers with risky or volatile assets.
7. Kraken isn’t allowed to trade crypto for its own profit (can't be a market maker). It can only trade/fill client orders or manage risk. That means no speculative bets or operating a money making trading desk behind the scenes.
How Kraken’s Current Status Compares to the Next Regulatory Tier
Kraken also plans to apply for full investment dealer registration and join the Canadian Investment Regulatory Organization (CIRO), which would allow it to offer more services including an Alternative Trading System (ATS) for crypto trades.
See: Kraken’s Strategy for Canadian Market Growth
| Feature | Restricted Dealer (Kraken now) | Investment Dealer + ATS (Kraken future) |
| Regulatory Status | Temporary or limited-purpose license | Full dealer registration under securities law |
| Regulator | OSC + CSA with PRUs | CIRO (formerly IIROC) + OSC/CSA |
| Membership | Not a member of CIRO | Full CIRO member |
| Investor Protection | No CIPF coverage | Yes — CIPF protection for client funds |
| Eligible Clients | Retail and institutional | Retail, institutional, advisory, discretionary |
| Crypto Products | Crypto Contracts only (not securities) | Potentially securities, derivatives, asset-backed tokens |
| Trading Venue | Not a formal exchange or ATS | Can operate an ATS |
| Staking Products | Allowed with restrictions | Subject to broader oversight, possibly wider offering with CIRO approval |
| Market Making | Not permitted | May be permitted under ATS/marketplace rules |
| Capital Requirements | Lower — tailored to risk | Much higher; must meet CIRO's ongoing capital tests |
| Surveillance & Audit | Periodic OSC reporting | CIRO-mandated audits, books & records, daily capital reports |
| Risk Assessment | Suitability per trade (retail) | Full KYC, suitability, supervisory systems, conflict management |
Outlook
Kraken’s approval shows that crypto in Canada is moving into a more regulated phase with greater protection, clearer rules, and more accountability/responsibility. Kraken’s next step is to become a full investment dealer, which could lead to new services and even stronger safeguards for users.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
 |  |  |
Support NCFA by Following us on Twitter!Follow @NCFACanada  |
eToro Files Nasdaq IPO After Crypto Revenue Surge
Public Market Funding | March 31, 2025
Image: Freepik/macrovector
Trading platform eToro officially files to go public on Nasdaq as IPO interest builds
On March 24, 2025, an Israeli fintech platform known for social trading and crypto investments, eToro filed paperwork with the U.S. Securities and Exchange Commission, confirming intent to go public on the Nasdaq under the ticker symbol “ETOR". After several years of IPO uncertainty and decline, here's a
of 10 private fintech companies watching and waiting to see how IPOs in early 2025 perform before announcing their own.
About eToro
eToro is an Israeli fintech company with offices in Cyprus, UK, US, Australia, Germany and the UAE, and not currently available to Canadian residents. It's an online, multi-asset trading platform founded in 2007 where users can trade stocks, exchange-traded funds (ETFs), cryptocurrencies, and commodities. Uniquely it offers social trading features where users can view, follow, and copy the investment strategies of other traders. This innovation makes investing more accessible for those new to trading and financial markets.
See: 10 Fintech and Crypto IPOs 2025 – Boom or Bubble?
eToro is a digital-first platform that operates entirely online via web and mobile apps, reducing many of the barriers traditionally associated with investing. It was one of the first early fintech players to embrace crypto trading which helped democratize digital assets among retail investors. With a friendly UX/UI, real time data tools, and low starting requirements, eToro is often compared to fintech giants like Robinhood, Revolut, and Wealthsimple and is part of the broader movement to challenge incumbents by using new technologies to offer simpler, faster, and often cheaper alternatives.
eToro’s financial performance has been strong heading into 2025. In 2024, the company generated $931 million in commissions, an 31% increase over the year prior. Net income also jumped to $192 million from just $15 million the year before. Why the growth? A surge in crypto trading made up 38% of their commissions last year which is up more than double from 17% in 2023 per investopedia reporting.
IPO Market 2020-2025
Initial Public Offering markets have been hit or miss over the past five years, due to economic uncertainties, investor sentiment and global events. Below is an overview.
2020-2021 - IPO activity surged. Low interest rates and a bullish stock market created favourable conditions that leads to a record number of companies going public. In 2021, global IPO proceeds raked in $508.9 billion, an 80% increase compared to 2020.
2022-2023 -IPO decline/uncertainty. Due to rising inflation, rising interest rates, and geopolitical tensions, IPO momentum slowed in 2022 and 2023. Investors were caution leading to a big drop in IPO activity. In 2023, global IPO proceeds fell like a stone to around $117.9 billion, the lowest in the last decade.
2024 - IPO markets showed signs of recovery. While the U.S. led in IPO proceeds, India surpassed other countries in IPO volume, highlighting regional strengths. Private equity and venture capital-backed IPOs played a key role with tech, industrials, and consumer sectors leading activity.
2025 - pentup IPO demand / optimism Returns? With easing inflation and anticipation for further rate cuts, some confidence is returning to IPO outlook, proceeds in 2024 were up 45% and the number of IPOs also rose 40% from the previous year. Sectors like artificial intelligence, fintech and crypto are gaining traction due to a shift in the regulatory outlook, especially in the U.S. under the new administration. At the same time, tariffs and trade wars are dominating the narrative putting pressure on investor's outlook and economic uncertainty.
So after a period of volatility, IPO markets in 2025 appear to be ready for renewed activity but not without risks. As such, companies waiting in the IPO queue are watching with abated breath to see how proceeds and investor sentiment are before launching their own IPOs, including firms like BitGo, Gemini, Kraken, Circle, Klarna and Chime.
eToro's IPO Outlook
This isn't eToro's first kick at the IPO can. Back in 2021, eToro planned to list through a SPAC deal, a type of company that exists just to be taken over so firms can go public quickly. That deal would have valued eToro at over $10 billion but it fell through in 2022 according to investopedia.
See: How Fintechs Are Unlocking Value in Private Markets 2024
This time, eToro has big brand banks backing its IPO like Goldman Sachs, Jefferies, UBS, and Citigroup. If eToro’s IPO is successful, it could open the door for more tech and fintech firms that have been patiently watching on the sidelines and may finally be able to enter the public markets.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
| | |
Support NCFA by Following us on Twitter!Follow @NCFACanada |
Kraken Acquires Retail Futures NinjaTrader $1.5B
Crypto M&A | March 21, 2025
Image: Freepik/wirestock
Crypto Continues to Woo Wall Street, Turning Point for Retail Futures Trading
On March 20 2025, Kraken announced that it has entered into an agreement to acquire NinjaTrader for $1.5 billion, a Chicago-based platform know for providing everyday retail traders access to futures markets, the largest crypto and TradFi deal to date.
Why This Deal Is Different
At first glance, it might seem like U.S. retail traders already have access to both crypto and traditional futures—and technically, they do. For instance, platforms like Interactive Brokers let you trade Bitcoin and oil futures listed on the CME but this experience is still rooted in the traditional finance world. You’re using a conventional brokerage interface with separate workflows for spot crypto and regulated futures, and often without native crypto funding or wallet integration. Coinbase offers small-sized crypto futures (limited derivatives), but you can’t use the same account to trade traditional commodities or financial futures. And many crypto-native platforms don’t offer access to regulated futures at all, especially not in the U.S.
See: CFTC to Launch Digital Asset Pilot Under Acting Chair Pham
What Kraken is building through its acquisition of NinjaTrader is a more integrated setup because they are acquiring a registered Futures Commission Merchant (FCM) license from the U.S. Commodity Futures Trading Commission (CFTC), which allows them to combine regulated futures access with crypto native infrastructure, all under a single app, account, and compliance framework. So Kraken becomes a direct gateway to both crypto and traditional derivatives - a 'one stop shop' for trading everything from Bitcoin to corn futures under a fully regulated setup.
Also there's a global market expansion benefit. Kraken already has licenses in the U.K., Europe, and Australia. Now, with NinjaTrader's U.S. footprint, Kraken can roll out a consistent product across multiple jurisdictions which is something very few companies can do in either the crypto or traditional finance world.
Implications for the Market
This acquisition brings two trading world's together that have mostly stayed separate until now: (1) Crypto trading which is 24/7, quick settlement and lots of innovation (but often kept at arms lengths by U.S. regulators); an (2) Traditional futures trading - highly regulated, slower, and not always that easy for retail traders to access.
Kraken is trying to bridge the gap by creating a unified experience with a single login/dash/account that can hold crypto and cash, offering futures/crypto/FX tools and more, all in one place with real-time settlement and potentially better pricing. It will simplify a lot of friction for retail traders and for professionals, it opens up cross-asset strategies that were harder to execute across multiple platforms before.
See: SEC Drops Yuga Labs Investigation and Kraken Case
Arjun Sethi, Kraken co-CEO:
“Traditional markets run on post-WWII, 1950s banking systems, exchanges that close at 4 p.m. ET and settlement delays that take days to resolve. Crypto rails fixed these issues, operating with efficient and real-time infrastructure. But legacy finance and crypto have remained separate ecosystems, until today. This transaction is the first step in our vision of an institutional-grade trading platform where any asset can be traded, anytime,”
Why It Matters
Kraken’s move to buy NinjaTrader is highly strategic and proves that fintech crypto pltforms can evolve beyond niche products and become full service, bridging traditional finance and crypto. Will Canadian crypto trading platforms be allowed to offer a similar one-stop-shop trading experience, and will Canadian regulators support it?
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
| | |
Support NCFA by Following us on Twitter!Follow @NCFACanada |
FinTech: The Secret Weapon Of Online Gambling Giants
March 5, 2025
Image: Pexels/Brett Jordan
iGaming is growing rapidly, driven by the increasing popularity of mobile gaming, the ease of online payments, and the introduction of cryptocurrency and blockchain technology. Two of the most important segments are driving this growth – online casinos and sports betting. Historically, sports betting accounted for the majority of money gambled at web-based establishments, but over the past decade, there's been a notable shift in how punters are betting. Poker has a dedicated following and contributes significantly to the overall revenue. Online casinos have cemented their dominance with the attraction of live dealer games and increased mobile integration.
See: The Diverging Paths of CBDCs, Privacy, and Global Payments
There are many positive aspects to online gambling. It can provide a fun distraction, help you learn about technology, connect with others, and make friends at your current ability level. At present, there are many efforts to put guard rails and safety mechanisms in place. The reason for the success of iGaming industry giants is straightforward: they're irrevocably committed to keeping customer data safe from internal negligence, cybercriminals, and other breaches. FinTech solutions are redefining the game. Put simply, two dynamic sectors are converging, bringing about a new era of possibilities.
What Is FinTech In Simple Words? A Brief Introduction To Financial Technology
FinTech, or financial technology, designates the interaction of financial services with emerging technology, which offers consumers and businesses alike effective ways of doing things differently to achieve better results. To put it another way, it involves introducing new ideas and approaches, such as cryptocurrencies. FinTech companies have emerged on account of deficiencies in traditional banking, providing competitive value propositions and streamlining access to financial services like payments, investments, remittances, and so forth. While FinTech may appear like a term that has appeared relatively recently, its origins go back to the 1960s.
Behind The Scenes: How FinTech Safeguards Players At Online Casinos
iGaming companies must be licensed to provide gambling to Canadian consumers. To know whether a site is licensed, look for a public register where you can see the type of activities the platform is allowed to offer. As a rule, player safety is one of online casinos' core values, as they understand that a sustainable business requires a long-term relationship with customers built on fairness and trust. FinTech paves the way for gambling operators to refine the customer experience and transactions. The best practices for enhancing security include but aren't limited to:
Advanced Encryption To Secure Data In Transit And At Rest
Many players who gamble hold accounts with more than one iGaming operator. Several stakeholders have expressed concerns about the data protection and privacy implications of sharing player data, illustrating the need to guarantee that information is effectively protected. By harnessing advanced encryption algorithms, FinTech companies ensure robust defenses, which are no longer optional but critical. When a bettor makes a deposit, encryption ensures their banking details aren't intercepted or misused. Online transactions, including payment details, personal identifiers, and transaction histories, increase the chances of threat actors attempting to gain unauthorized access.
Making Payments Happen The Way They Should
Online gambling involves new types of products and bets that can be placed around the clock via a mobile phone. FinTech helps casino players move money between them and iGaming sites and manage special systems for doing so, meaning the right amount of money goes to the right place at the right time. For easy reference, we've examined the top payment gateways in iGaming:
- Digital wallets, e-wallets, and mobile wallets: They use various cryptographic algorithms to encrypt data and keep hackers from accessing the information. Also, these wallets can store various personal details, such as subscriptions or loyalty program details. Open wallets like PayPal enable transactions across multiple platforms. There are always new casinos that accept PayPal entering the market, you can visit Onlinecasino.ca to view the latest option.
- Mobile banking apps: Users can manage their finances on the go with a mobile banking app. They can check their balance, transfer funds, deposit money, etc. Apps like Google Pay and Apple Pay provide a balanced mix of options to meet players' needs while accommodating local preferences. Deposit limits vary with both the casino and the technology, but mobile payments are useful for small deposits. They're not suited for high rollers.
- P2P payment systems: Cryptocurrency offers anonymity, so it doesn't require personal or banking information. Payments are processed with minimal fees through blockchain technology, yet volatility and varying acceptance can be a drawback. Players can view an iGaming site's transaction history on the blockchain, so bets and winnings are precisely recorded.
- Neobanks: Digital-only banks operate via mobile apps and websites and offer services like checking accounts and debit cards. Good examples are Revolut and TransferWise, which offer instant spending notifications and foreign currency exchange trading at the real rate. The apps also give users access to cryptocurrencies.
For iGaming operators, the importance of choosing the right payment solution shouldn't be taken lightly.
Anti-Fraud Prevention Technologies That Rely On AI And Machine Learning
Fraud is a significant problem that poses severe challenges to online casinos as iGaming regulations require operators to adhere to stricter anti-fraud measures. Though, for the most part, fraud remains the same, the criminal approach is forever changing, rendering this threat even more severe. Implementing sophisticated FinTech fraud detection software that harnesses AI and machine learning ensures the iGaming industry continues to scale and remains a reputable source of entertainment. All financial transactions can be examined for potential risk. Repercussions of a data breach include but aren't limited to severe financial losses, legal consequences, and damages to reputation.
Concluding Remarks
The merging of FinTech and iGaming is transforming the way players spend money on games, providing more convenience and efficiency. Selecting a core banking system is a strategic decision that can determine an online casino's long-term success, and with customer expectations shifting hurriedly and regulatory environments becoming more complex, it's vital to identify a solution that is scalable, flexible, and capable of integrating with other technologies. The decision is pivotal in the ever-changing landscape of online gambling.
The National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with fintech, alternative finance, blockchain, cryptocurrency, crowdfunding and online investing stakeholders globally. NCFA Canada provides education, research, industry stewardship, services, and networking opportunities to thousands of members and subscribers and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding and fintech industry. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
| | |
Crypto Regulation | April 15, 2025 Trump Repeals IRS Crypto Reporting Rule. Here's Why Fintechs in Canada Should Pay Attention On April 10, 2025, U.S. President Trump signed a bill cancelling a key IRS crypto reporting rule that would have required decentralized finance (DeFi) platforms to report customer transactions to the tax agency. See: UK FCA Plans Full Crypto Licensing Regime by 2026 The IRS' rule was called "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales", which expanded the scope of traditional broker definitions to include DeFi apps like Uniswap and Metamask, and had an effective date of February 28, 2025. However, the IRS provided a transition period given the reporting complexities involved, so the rule was set to apply to digital asset sales occurring after January 1, 2027. But with Trump's bill nullifying the IRS rule, the implementation is now cancelled and the rule is officially gone. What does this mean for fintechs, crypto startups, and regulators in Canada? What Changed? The IRS crypto reporting rule was part of a broader push to increase tax compliance among crypto users but industry argued that it wasn't manageable because DeFi platforms don't control their user's data. ...
Markets and Economy | April 15, 2025 Jamie Dimon’s 2024 Letter Outlines Global Risks and Advice for Leaders On April 7 2025, CEO Jamie Dimon of JPMorgan Chase published his annual 2024 letter to shareholders (58 page PDF), which is widely read by business and policy leaders around the globe. This year's edition, his messages are especially urgent. He describes a world of rising risks, and big decisions ahead with profound implications that stretch beyond simply Wall Street. Below are 5 insights that fintech founders, investors and Canadian decision makers need to know: 1. The U.S. Dollar’s Strength is At Risk “History has shown that as countries become weaker, their currency loses reserve currency status.” Dimon issued a clear warning that's rarely said out loud by execs of America’s biggest banks. That is the U.S. dollar’s global dominance is fading because it's strength relies on TRUST in U.S. institutions, alliances, and policy, BUT that trust is now eroding. Last week, the U.S. dollar dropped significantly reaching a 3 year low against major global currencies. The decline is largely due to the Trump administration's escalating tariffs and trade tensions on imports from several countries, such as China, Canada and European nations. ...
Financing | April 14, 2025 Plaid’s $575 Million Series D Signals a Deeper Strategy in Fintech Data and Embedded AI Financial infrastructure provider, Plaid, announced on April 3 2025, that they raised $575 million Series D at a valuation of $6.1 billion valuation led by Frank Templeton, BlackRock, Fidelity, and others including existing investors such as NEA and Ribbit Capital. While the valuation is significantly lower than it's 2021 peak of $13.4 billion, Plaid's latest round is a story of consolidation of it's role at the heart of embedded finance, and not of decline. Plaid is a backbone of embedded finance with a footprint that spans more than 8,000 apps, including many widely used fintech tools and providers in Canada and the U.S. For Canadian fintech companies, this raise hints at where industry is heading and who will control its most critical pipes. A Profitable Platform in a Tough Market Unlike most fintech firms still chasing break-even, Plaid finished off 2024 with positive operating margins, strong ash flows and a 25% yoy revenue increase. In Plaid's letter to shareholders, 2025, CEO and Cofounder Zach Perret explained that it has a usage based billing model where Plaid earns revenue when an ...
Leadership | April 14, 2025 Why Embracing Uncertainty Can Help Founders Gain Insight (During Chaos) In an economic climate where geopolitical tensions are high and markets volatile with inflation spikes and policy u-turns, founders and innovators that embrace uncertainty can gain an edge. Uncertainty isn't a side effect of innovation, it's the starting line. Inspired from Deepak Chopra's recent article on the power of uncertainty, this article looks at the impact of embracing the unknown and how it can sharpen decision-making, unlock creativity, and help build resilience during times of rapid change and uncertainty. Key Actionable Insights 1. Uncertainty Isn't the Enemy...It's the Edge Chopra argues that trying to eliminate uncertainty kills creativity. When everything is 'the exact same', it breeds complacency. We've all experienced this. During some routine periods, a founder may feel that time is passing by very quickly. Yet during times of great change, novelty, innovation, a founder may feel that time is going by slowly. Fintech leaders who stay agile during times of ambiguity can separate themselves from those who stall in the face of uncertainty. Put differently, successful founders don't just survive during chaos, they scan for signals of change/chaos that others can miss, often ...
April 14, 2025 If you’re running a crowdfunding campaign, visibility is key. Without the right SEO strategy, potential backers may never find your project. Below is a practical, research-backed guide to improving your campaign’s visibility through SEO. 1. Understand Your Audience First Start by knowing who you’re targeting. This helps shape your keywords, content, and messaging. Build a profile of your ideal backer Use keyword research tools like Google Trends or Ahrefs Read forum discussions and questions from your audience The more specific your understanding, the more relevant your content becomes. 2. Focus on Search Intent, Not Just Keywords Group your keywords based on what users are looking to do: Informational: “how to launch a crowdfunding campaign” Transactional: “support [campaign name]” Navigational: “[brand name] Kickstarter page” Use these keywords naturally in: Headings and subheadings Meta descriptions Blog updates and campaign FAQs Image alt text Write for people first, then optimise for search engines. For more insight into how keyword strategy aligns with intent and structure, consider following this website, which outlines foundational SEO practices that support long-term visibility. 3. Build a High-Converting, SEO-Friendly Landing Page Don’t treat your landing page as just a pitch. Make it SEO-ready: Clear, keyword-rich headline ...
Financing | April 11, 2025 OneVest Secures $20M in Series B to Build the Future of WealthTech in North America On January 29, 2025, Calgary and Toronto-based fintech firm OneVest announced the close of a $20 million Series B round, led by Salesforce Ventures and joined by Allianz Life Ventures, TIAA Ventures, and returning backers like OMERS Ventures, Deloitte Ventures, Fin Capital, Luge Capital, and Pivot Investment Partners. See: OneVest’s Rapid Expansion Powered by a $17M Funding Round led by OMERS Ventures OneVest estimates that $84 trillion of wealth will be passed down from Baby Boomers to Gen X and Millennials over the coming decades, creating a massive opportunity and challenge for financial institutions. OneVest's platform is positioned to offer financial institutions, such as banks, insurers, asset managers and RIAs, a module tech platform to build or upgrade their wealth management services. Companies ca upgrade outdated infrastructure by plugging in only the components they need, reducing time and cost to market. Amar Ahluwalia, CEO of OneVest: “We are tackling massive challenges in an industry that’s been traditionally slow to adopt new technologies. Having such esteemed investors solidifies our position to reimagine wealth management technology for enterprises across the U.S. and ...
Regulation | April 10, 2025 SEC Says Some Fully Backed, Payment-Only 'Covered Stablecoins' Aren’t Securities On April 4, 2025, the U.S. Securities and Exchange Commission (SEC) issued a statement that clarified some U.S. dollar-backed stablecoins may not be considered securities. While the statement was welcomed and creates some breathing room for crypto and fintech projects, the announcement ignited an internal debate at the SEC and many are wondering what's next. Covered Stablecoins The SEC said certain U.S. dollar-backed stablecoins (referred to as 'Covered Stablecoins') are not considered securities if they have all of the following characteristics: Stablecoin must maintain a 1:1 fixed value equal to the U.S. dollar, without fluctuations Each stablecoin must be fully backed by an equivalent amount of high quality assets such as U.S. Treasury bills, cash, or cash equivalents that can be redeemed on demand. These assets must be held in custody and verified regularly No expectation of profit - cannot be promoted as an investment or marketed in a way that leads buyers to expect profit from simply holding the token See: U.S. Senate Moves to Regulate Stablecoins No voting rights, control over the issuer, or shares in any profit or management decisions (no governance) ...
Funding | April 10, 2025 Regulation Crowdfunding Markets Show Tariffs Straining Innovation Economy Regulation Crowdfunding (RegCF) has proven to be a resilient market for early stage entrepreneurs and investors alike. When uncertainty strikes, it's often traditional venture capital that pulls back, while the community-driven model continues to offer early stage start-ups access to capital allowing them to innovate. However, just in from Sherwood (Woodie) Neiss, NCFA Advisor and Principal at Crowdfund Capital Advisors, data shows that tariffs are starting to strain RegCF markets - from March 10 to April 9, 2025: RegCF investment volumes declined by 24% (yoy) to just $57.48 million New campaign launches dropped over 40% Number of investor checks also declined by 15% Average capital raise size dropped to $720,000 (from $1.2 million) Sherwood Neiss, Principal at Crowdfund Capital Advisors: “We’re seeing the first real signs of pullback in what has otherwise been a resilient funding ecosystem. The numbers tell a story not of panic, but of pause. Investors and issuers alike are waiting for clarity—on costs, on policy, and on risk.” Tariffs Introduce New Risks for Early-Stage Companies In a volatile environment where U.S. tariffs are levied one day, and then paused the next, founders must now face ...
Economy | April 10, 2025 Trump Temporarily Halts Tariffs for Most Countries But Keeps Pressure on Canada, Mexico, and China On April 10, 2025, President Trump announced a 90-day pause on most of the newly implemented global trade tariffs after market backlash and political pressure. The break was extended to countries in Europe, Asia, and parts of South America, but Canada, Mexico, and China are still under tariff pressure. Strategic Pause, Not for Everyone While Trump paused the most recent tariffs for over 75 countries, U.S. tariffs still apply to Canada and Mexico primarily on cars and auto parts (25%), steel (25%), aluminum (10%), and some agricultural products like dairy, grains, and processed foods, and continue to affect cross border trade in manufacturing and farming sectors. Trump's pause also didn't apply to China In fact, Tariffs on Chinese good were raised to 125%, as China hit back with an 84% tariff on U.S. goods and filed new complaints with the World Trade Organization. See: Klarna Delays IPO As Markets React to Trump’s Tariffs After the tariff pause was announced, markets surged with the S&P 500 exploding 9.5%, the largest one day gain since World War II, according to Business Insider ...
Funding | April 9, 2025 Toronto’s Tailscale Secures $230M and $2B Valuation for Identity-First Networking On April 8 2025, Toronto-based Tailscale announced that they raised $230 million CAD Series C (about $160 million USD), valuing the company at approx $2 billion CAD. The round was made up of U.S. investors, led by Accel, CRV, Insight Partners, Heavybit, and Uncork Capital, along with some prominent individual investors notably George Kurtz CEO of CrowdStrike (returning investor) and Anthony Casalena CEO of Squarespace. New funds will be used to grow product and engineering teams, expand globally, and improved support for fast scaling customers. Tailscale - A Shift from IP Addresses to Identity Tailscale was founded in 2019 by former Google engineers Avery Pennarun, David Crawshaw, David Carney, and Brad Fitzpatrick, and officially launched in April 2020 to help users connect devices and apps securely without relying on traditional VPNs, IP rules, or firewalls. Tailscale uses a technology called WireGuard which is easy to setup and lets devices connect directly to each other, safely and privately. What's unique about Tailscale is its approach to solving networking challenges. Instead of relying on where a device is located (IP address), it focuses on who or what is connecting. This ...
Crypto Regulation | April 15, 2025 Trump Repeals IRS Crypto Reporting Rule. Here's Why Fintechs in Canada Should Pay Attention On April 10, 2025, U.S. President Trump signed a bill cancelling a key IRS crypto reporting rule that would have required decentralized finance (DeFi) platforms to report customer transactions to the tax agency. See: UK FCA Plans Full Crypto Licensing Regime by 2026 The IRS' rule was called "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales", which expanded the scope of traditional broker definitions to include DeFi apps like Uniswap and Metamask, and had an effective date of February 28, 2025. However, the IRS provided a transition period given the reporting complexities involved, so the rule was set to apply to digital asset sales occurring after January 1, 2027. But with Trump's bill nullifying the IRS rule, the implementation is now cancelled and the rule is officially gone. What does this mean for fintechs, crypto startups, and regulators in Canada? What Changed? The IRS crypto reporting rule was part of a broader push to increase tax compliance among crypto users but industry argued that it wasn't manageable because DeFi platforms don't control their user's data. ...
Markets and Economy | April 15, 2025 Jamie Dimon’s 2024 Letter Outlines Global Risks and Advice for Leaders On April 7 2025, CEO Jamie Dimon of JPMorgan Chase published his annual 2024 letter to shareholders (58 page PDF), which is widely read by business and policy leaders around the globe. This year's edition, his messages are especially urgent. He describes a world of rising risks, and big decisions ahead with profound implications that stretch beyond simply Wall Street. Below are 5 insights that fintech founders, investors and Canadian decision makers need to know: 1. The U.S. Dollar’s Strength is At Risk “History has shown that as countries become weaker, their currency loses reserve currency status.” Dimon issued a clear warning that's rarely said out loud by execs of America’s biggest banks. That is the U.S. dollar’s global dominance is fading because it's strength relies on TRUST in U.S. institutions, alliances, and policy, BUT that trust is now eroding. Last week, the U.S. dollar dropped significantly reaching a 3 year low against major global currencies. The decline is largely due to the Trump administration's escalating tariffs and trade tensions on imports from several countries, such as China, Canada and European nations. ...
Financing | April 14, 2025 Plaid’s $575 Million Series D Signals a Deeper Strategy in Fintech Data and Embedded AI Financial infrastructure provider, Plaid, announced on April 3 2025, that they raised $575 million Series D at a valuation of $6.1 billion valuation led by Frank Templeton, BlackRock, Fidelity, and others including existing investors such as NEA and Ribbit Capital. While the valuation is significantly lower than it's 2021 peak of $13.4 billion, Plaid's latest round is a story of consolidation of it's role at the heart of embedded finance, and not of decline. Plaid is a backbone of embedded finance with a footprint that spans more than 8,000 apps, including many widely used fintech tools and providers in Canada and the U.S. For Canadian fintech companies, this raise hints at where industry is heading and who will control its most critical pipes. A Profitable Platform in a Tough Market Unlike most fintech firms still chasing break-even, Plaid finished off 2024 with positive operating margins, strong ash flows and a 25% yoy revenue increase. In Plaid's letter to shareholders, 2025, CEO and Cofounder Zach Perret explained that it has a usage based billing model where Plaid earns revenue when an ...
Leadership | April 14, 2025 Why Embracing Uncertainty Can Help Founders Gain Insight (During Chaos) In an economic climate where geopolitical tensions are high and markets volatile with inflation spikes and policy u-turns, founders and innovators that embrace uncertainty can gain an edge. Uncertainty isn't a side effect of innovation, it's the starting line. Inspired from Deepak Chopra's recent article on the power of uncertainty, this article looks at the impact of embracing the unknown and how it can sharpen decision-making, unlock creativity, and help build resilience during times of rapid change and uncertainty. Key Actionable Insights 1. Uncertainty Isn't the Enemy...It's the Edge Chopra argues that trying to eliminate uncertainty kills creativity. When everything is 'the exact same', it breeds complacency. We've all experienced this. During some routine periods, a founder may feel that time is passing by very quickly. Yet during times of great change, novelty, innovation, a founder may feel that time is going by slowly. Fintech leaders who stay agile during times of ambiguity can separate themselves from those who stall in the face of uncertainty. Put differently, successful founders don't just survive during chaos, they scan for signals of change/chaos that others can miss, often ...
April 14, 2025 If you’re running a crowdfunding campaign, visibility is key. Without the right SEO strategy, potential backers may never find your project. Below is a practical, research-backed guide to improving your campaign’s visibility through SEO. 1. Understand Your Audience First Start by knowing who you’re targeting. This helps shape your keywords, content, and messaging. Build a profile of your ideal backer Use keyword research tools like Google Trends or Ahrefs Read forum discussions and questions from your audience The more specific your understanding, the more relevant your content becomes. 2. Focus on Search Intent, Not Just Keywords Group your keywords based on what users are looking to do: Informational: “how to launch a crowdfunding campaign” Transactional: “support [campaign name]” Navigational: “[brand name] Kickstarter page” Use these keywords naturally in: Headings and subheadings Meta descriptions Blog updates and campaign FAQs Image alt text Write for people first, then optimise for search engines. For more insight into how keyword strategy aligns with intent and structure, consider following this website, which outlines foundational SEO practices that support long-term visibility. 3. Build a High-Converting, SEO-Friendly Landing Page Don’t treat your landing page as just a pitch. Make it SEO-ready: Clear, keyword-rich headline ...
Financing | April 11, 2025 OneVest Secures $20M in Series B to Build the Future of WealthTech in North America On January 29, 2025, Calgary and Toronto-based fintech firm OneVest announced the close of a $20 million Series B round, led by Salesforce Ventures and joined by Allianz Life Ventures, TIAA Ventures, and returning backers like OMERS Ventures, Deloitte Ventures, Fin Capital, Luge Capital, and Pivot Investment Partners. See: OneVest’s Rapid Expansion Powered by a $17M Funding Round led by OMERS Ventures OneVest estimates that $84 trillion of wealth will be passed down from Baby Boomers to Gen X and Millennials over the coming decades, creating a massive opportunity and challenge for financial institutions. OneVest's platform is positioned to offer financial institutions, such as banks, insurers, asset managers and RIAs, a module tech platform to build or upgrade their wealth management services. Companies ca upgrade outdated infrastructure by plugging in only the components they need, reducing time and cost to market. Amar Ahluwalia, CEO of OneVest: “We are tackling massive challenges in an industry that’s been traditionally slow to adopt new technologies. Having such esteemed investors solidifies our position to reimagine wealth management technology for enterprises across the U.S. and ...
Regulation | April 10, 2025 SEC Says Some Fully Backed, Payment-Only 'Covered Stablecoins' Aren’t Securities On April 4, 2025, the U.S. Securities and Exchange Commission (SEC) issued a statement that clarified some U.S. dollar-backed stablecoins may not be considered securities. While the statement was welcomed and creates some breathing room for crypto and fintech projects, the announcement ignited an internal debate at the SEC and many are wondering what's next. Covered Stablecoins The SEC said certain U.S. dollar-backed stablecoins (referred to as 'Covered Stablecoins') are not considered securities if they have all of the following characteristics: Stablecoin must maintain a 1:1 fixed value equal to the U.S. dollar, without fluctuations Each stablecoin must be fully backed by an equivalent amount of high quality assets such as U.S. Treasury bills, cash, or cash equivalents that can be redeemed on demand. These assets must be held in custody and verified regularly No expectation of profit - cannot be promoted as an investment or marketed in a way that leads buyers to expect profit from simply holding the token See: U.S. Senate Moves to Regulate Stablecoins No voting rights, control over the issuer, or shares in any profit or management decisions (no governance) ...
Funding | April 10, 2025 Regulation Crowdfunding Markets Show Tariffs Straining Innovation Economy Regulation Crowdfunding (RegCF) has proven to be a resilient market for early stage entrepreneurs and investors alike. When uncertainty strikes, it's often traditional venture capital that pulls back, while the community-driven model continues to offer early stage start-ups access to capital allowing them to innovate. However, just in from Sherwood (Woodie) Neiss, NCFA Advisor and Principal at Crowdfund Capital Advisors, data shows that tariffs are starting to strain RegCF markets - from March 10 to April 9, 2025: RegCF investment volumes declined by 24% (yoy) to just $57.48 million New campaign launches dropped over 40% Number of investor checks also declined by 15% Average capital raise size dropped to $720,000 (from $1.2 million) Sherwood Neiss, Principal at Crowdfund Capital Advisors: “We’re seeing the first real signs of pullback in what has otherwise been a resilient funding ecosystem. The numbers tell a story not of panic, but of pause. Investors and issuers alike are waiting for clarity—on costs, on policy, and on risk.” Tariffs Introduce New Risks for Early-Stage Companies In a volatile environment where U.S. tariffs are levied one day, and then paused the next, founders must now face ...
Economy | April 10, 2025 Trump Temporarily Halts Tariffs for Most Countries But Keeps Pressure on Canada, Mexico, and China On April 10, 2025, President Trump announced a 90-day pause on most of the newly implemented global trade tariffs after market backlash and political pressure. The break was extended to countries in Europe, Asia, and parts of South America, but Canada, Mexico, and China are still under tariff pressure. Strategic Pause, Not for Everyone While Trump paused the most recent tariffs for over 75 countries, U.S. tariffs still apply to Canada and Mexico primarily on cars and auto parts (25%), steel (25%), aluminum (10%), and some agricultural products like dairy, grains, and processed foods, and continue to affect cross border trade in manufacturing and farming sectors. Trump's pause also didn't apply to China In fact, Tariffs on Chinese good were raised to 125%, as China hit back with an 84% tariff on U.S. goods and filed new complaints with the World Trade Organization. See: Klarna Delays IPO As Markets React to Trump’s Tariffs After the tariff pause was announced, markets surged with the S&P 500 exploding 9.5%, the largest one day gain since World War II, according to Business Insider ...
Funding | April 9, 2025 Toronto’s Tailscale Secures $230M and $2B Valuation for Identity-First Networking On April 8 2025, Toronto-based Tailscale announced that they raised $230 million CAD Series C (about $160 million USD), valuing the company at approx $2 billion CAD. The round was made up of U.S. investors, led by Accel, CRV, Insight Partners, Heavybit, and Uncork Capital, along with some prominent individual investors notably George Kurtz CEO of CrowdStrike (returning investor) and Anthony Casalena CEO of Squarespace. New funds will be used to grow product and engineering teams, expand globally, and improved support for fast scaling customers. Tailscale - A Shift from IP Addresses to Identity Tailscale was founded in 2019 by former Google engineers Avery Pennarun, David Crawshaw, David Carney, and Brad Fitzpatrick, and officially launched in April 2020 to help users connect devices and apps securely without relying on traditional VPNs, IP rules, or firewalls. Tailscale uses a technology called WireGuard which is easy to setup and lets devices connect directly to each other, safely and privately. What's unique about Tailscale is its approach to solving networking challenges. Instead of relying on where a device is located (IP address), it focuses on who or what is connecting. This ...
Crypto ETF Battle Intensifies with XRP Dogecoin and Solana
Crypto | Feb 3, 2025
Image: Freepik/jcomp
Crypto ETF Competition Heats Up as XRP, Dogecoin, and Solana Gain Traction
Canada’s Purpose Investments announced that they officially filed a preliminary prospectus to Canadian regulators to launch an XRP exchange-traded fund (ETF), which may beat American competitors to market. The proposed XRP ETF will provide investors with direct exposure to XRP through a regulated investment vehicle, which further expands on its pioneering role of launching the world's first Bitcoin and Ether ETFs in the crypto sector in early 2021.
Som Seif, Founder and CEO of Purpose Investments:
"At Purpose, we remain steadfast in our commitment to innovation and to bridging the gap between traditional and decentralized finance. As XRP sees increasing adoption and institutional interest, we believe an ETF can offer investors a transparent and familiar way to access it within a regulated framework."
See: BlackRock Expands IBIT Bitcoin ETF Offering in Canada
Although this would be North America’s first spot XRP ETF, similar products already exist overseas such as Swiss-based 21Shares XRP ETP (AXRP), which trades on several European exchanges and is fully backed by XRP with currently $500 million USD AUM.
At the same time, U.S. firms such as Grayscale, Bitwise, WisdomTree, Canary Capital, and 21Shares have all submitted applications to launch their own XRP ETFs however the SEC has yet to greenlight any of these proposals. Approval of XRP ETFs in the U.S. is still being held up by the legal saga between Ripple and the SEC. Most recently, the SEC has filed an appeal against a previous court ruling that partially favoured Ripple, with Ripple’s response due by April 16, 2025. As a result, many industry experts believe that Canada’s more favourable regulatory stance could help Purpose Investments get its product to market first. Time will tell.
XRP isn’t the only crypto ETF game in town. Bitwise recently submitted a filing for a Dogecoin ETF, which would be the first meme-based digital asset ETF. Also, the Chicago Board Options Exchange (CBOE) has made it's third attempt to gain approval for a Solana ETF.
New Sheriff In Town
There's no question that the return of Donald Trump to the White House is promising for a crypto-friendly regulatory approach in the United States, as compared to the previous administration's SEC's regulate by enforcement approach under Gary Gensler. Thus, many experts are hopeful that this new regulatory shift will accelerate the approval process for the numerous crypto ETFs on hold in the queue including XRP, Dogecoin, and Solana.
See: Trump Media’s Patriot Economy Expands into Fintech
The change in regulatory sentiment can be seen on Polymarket where the probability of an XRP ETF getting approved in the U.S. in 2025 has risen to 80%.
Adding to the regulatory discussions, David Sacks, the U.S. Digital Asset Czar, is set to host a press conference on the future of digital assets tomorrow at 2:30PM ET, which may provide insights into the governments views of crypto regulations and ETF approvals.
Closing Outlook
With both Canadian and U.S. regulators reviewing applications and a new sheriff in town, investors are watching the developments closely. The potential approval of multiple crypto ETFs would significantly improve market access to a new basket of cryptocurrencies while boosting adoption and liquidity for digital assets.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
| | |
Support NCFA by Following us on Twitter!Follow @NCFACanada |
The History of Currency Crises and Lessons for Modern Traders
Jan 8, 2025
Image: Pexels/Nataliya Vaitkevich
A currency crisis is a term referring to an economic instability caused by a sharp, significant fall in the value of the national currency. In most cases, a loss of confidence in the country's economy, lack of foreign exchange reserves, or excessive public debt is what it is most often associated with. Such crises also involve the economic effects of countries, but they also have a 'global' consequence.
See: AI’s Double-Edged Sword of Retail Investing
This is my dedication to the traders out there planning on joining Forex. Not to drive them away and to change their mind but to reap important historical knowledge from it. With the benefit of what the previous generations have learned, a trader can acquire a few important lessons and maybe save his capital.
The Mexican Peso Crisis (1994)
A sharp depreciation of the currency due to unbalanced economic policies is an example of the Mexican crisis of 1994 (or the Tequila Crisis). The government's decision to keep the peso fixed to the dollar when the current account deficit was strong was the main cause of the crisis. The result was that citizens lost confidence, capital outflows started in earnest, and the peso devalued by over 50 percent.
This crisis shows how important transparency and investor confidence are for today’s traders. If policies appear too unsustainable, or insufficiently explained, markets can overreact.
The Asian Financial Crisis (1997-1998)
The collapse of the baht started the Asian financial crisis in Thailand but spread to the rest of Southeast Asia. The main causes of the crisis were:
- Accumulating short-term external debt;
- Overvalued assets in the real sector;
- Weak banking supervision.
That heavy investment panic and capital withdrawal made the crisis even worse, as banks and firms defaulted. Lesson for traders: Risk management is about diversification. It is also necessary to consider the level of external debt of the countries where it invests funds.
The Russian Financial Crisis (1998)
Falling oil prices, huge government debt, and a weak tax system all contributed to the 1998 crisis. And the ruble fell spectacularly and the country defaulted on its domestic debt. It created serious economic turmoil and social instability.
However, this crisis reminds modern traders to scrutinize their commodity markets, especially if a country’s economy is dependent on exporting natural resources.
The Argentine Economic Crisis (1999-2002)
The crisis was a prime example of how excessive government debt and a hard currency pegged to the dollar can lead to disaster. The problems were exacerbated by:
- Reduced exports;
- Austerity measures;
- The government's inability to restructure the debt.
When the crisis reached its peak, the government was forced to abandon the peg of the peso to the dollar, which caused a deep recession and mass protests. Lesson for traders: tight monetary policy can be dangerous in the face of external shocks. Flexibility is the key to resilience.
The Global Financial Crisis (2008)
The global financial crisis, which began with the collapse of the mortgage market in the United States, showed how quickly problems in one economy can spread around the world. It was a period of high volatility for the foreign exchange market, with many national currencies depreciating.
The main lessons for traders are:
- Always consider global trends;
- Avoid excessive use of leverage;
- Understand the relationship between foreign exchange markets and other financial sectors.
This is the moment when falling real estate prices in the US led to massive mortgage defaults, which in turn set off a chain reaction in financial institutions around the world. Investors began to panic, selling assets en masse, which exacerbated the fall in currency and stock prices. As a result of this crisis, many traders realized the importance of diversifying their investments and being prepared for unexpected changes in the market.
Traders who were able to adapt and incorporate the lessons of the past are now better prepared for future shocks. Developing strategies that incorporate flexibility and preparedness for rapid change has become a key element of successful online trading. In addition, knowledgeable traders realized how important it is to choose a trusted broker that will not withdraw all their assets and will not leave them without a single cent. This is how platforms such as https://www.xchief.com came into being. These are reliable traders who have proven their integrity over the years.
Key Takeaways for Modern Traders
Based on the analysis of the above crises, there are several important takeaways for traders:
- Closely monitor macroeconomic indicators such as debt levels, trade balance, and foreign exchange reserves;
- Study the policies of central banks, especially with regard to fixed or floating exchange rates;
- Be prepared for sharp volatility in markets during crises.
In addition, modern traders should use risk management tools such as stopping losses and diversifying their portfolios.
Conclusion
The history of currency crises is not just a list of economic disasters, but also a treasure trove of valuable information for modern traders. By analyzing the causes and consequences of such events, one can better prepare for future challenges in the financial markets. The key is to be flexible, informed, and ready for change.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
| | |
Support NCFA by Following us on Twitter!Follow @NCFACanada |
The Economic Impact of Sports Wagering in Alberta
Jan 6, 2025
Image courtesy AI: Freepik
Legalized sports betting in Alberta has become a transformative force for the province's economy. From bolstering local businesses to generating substantial tax revenue, the impact is undeniable. The interplay between public and private operators further enriches the market, provides opportunities for community investment and infrastructure development. This article dives into how sports wagering is driving Alberta’s financial growth, creating jobs, and fostering economic resilience.
How Sports Wagering is Boosting Alberta’s Local Economy
The sports betting sector in the city has created thousands of jobs, both directly and indirectly. From positions in sportsbook operations to roles in tech support, marketing, and compliance, the industry has added a new dimension to Alberta’s employment landscape. Indirectly, sectors such as hospitality and transportation benefit significantly, as increased tourism from major sporting events fuels demand for local services.
The legalization of this industry has turned Alberta into a hotspot for sports tourism. Iconic venues like Rogers Place and McMahon Stadium now attract more visitors, as fans engage in events that intertwine sports with betting activities. This surge enhances the tourism profile, driving increased bookings in hotels, restaurants, and entertainment hubs.
Local businesses, from pubs showing games to merchandise stores, experience higher foot traffic during peak sports seasons. The ripple effect of sports wagering energizes Alberta's retail and service sectors, supporting small and medium enterprises (SMEs) across the province.
From Tax Revenue to Community Investment
Tax revenue from sports wagering provides the city with a financial cushion to support public services. Over $30 million annually is allocated to areas such as healthcare, education, and infrastructure projects, directly benefiting the community.
The taxes raised from this industry have been pivotal in funding large-scale projects, including sports complexes and recreational facilities. These investments not only enhance Alberta’s infrastructure but also ensure long-term benefits for residents.
A portion of the revenue is also allocated to community programs and non-profits. Initiatives aimed at youth development, mental health support, and affordable housing receive financial backing, displaying the wider societal impact of sports wagering.
Private Operators vs. Public Platforms
The city currently operates this industry through its regulated public platform, which guarantees controlled revenues. However, this model limits competition, potentially reducing the total market value the province could achieve. Allowing private operators of this industry could dramatically increase tax revenues and consumer choice. Studies suggest that an open market for Alberta sports betting could generate an additional $50 million annually in economic activity, driven by enhanced innovation and marketing. Critics argue that private operators could overshadow smaller local businesses. However, a balanced regulatory framework can mitigate these risks, ensuring fair competition while maximizing the city’s economic potential.
A Case Study in Financial Growth
Since legalization, the market has grown by over 20% annually, reaching an estimated $500 million in 2023. The surge demonstrates how regulated betting can unlock economic potential without compromising public interests.
Alberta stands as a leading example in Canada, outpacing neighboring provinces like Saskatchewan and Manitoba in tax revenue and market size. This success underscores the importance of well-structured policies and investments.
By 2028, Alberta’s sports wagering market is projected to exceed $1 billion (about $3.1 per person in the US) annually. This growth trajectory reflects increasing consumer participation and strategic expansion of wagering services.
Economic Resilience
As the city seeks to diversify its economy away from oil and gas, sports wagering provides a sustainable alternative. The industry's steady growth offers a buffer against the volatility of traditional sectors.
To maintain economic stability, the city invests in responsible gambling initiatives. Programs aimed at preventing problem gambling help sustain long-term consumer engagement, ensuring that economic benefits do not come at a social cost.
Innovation is key to Alberta’s sports wagering success. Advanced analytics, AI-driven platforms, and mobile-friendly solutions are driving consumer engagement, positioning Alberta as a technological leader in the Canadian sports betting market.
The Effect of the Economy
The economic impact of sports wagering in the city is undeniable, spanning job creation, community investment, and long-term financial growth. With a strategic balance between public and private operators, Alberta is setting a benchmark for other provinces to follow. As the market matures, its contributions to the local economy will only deepen, displaying sports wagering as a cornerstone of the city’s economic resilience.
Sports betting has also played a pivotal role in enhancing its reputation as a destination for sports enthusiasts and entertainment seekers. The increased tourism driven by major sporting events and the integration of betting activities has boosted ancillary industries such as hospitality, transportation, and retail. Local businesses, including sports bars, restaurants, and merchandise stores, benefit significantly from the influx of fans and tourists, further contributing to the province’s economic ecosystem. This ripple effect underscores how a single sector can drive growth across multiple layers of the local economy.
Moreover, the tax revenue generated by sports wagering is empowering the city to address critical societal needs. Investments in healthcare, education, and infrastructure funded by these taxes are improving the quality of life for residents across the province. Initiatives like youth sports programs and affordable housing projects, which receive funding from these revenues, highlight the tangible benefits that legalized sports betting brings to communities. As the industry continues to grow, these contributions will become even more integral to Alberta’s broader development strategy, solidifying its role in driving both economic and social progress.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
| | |
Support NCFA by Following us on Twitter!Follow @NCFACanada |
