Canadian regulator excludes crypto funds from margin offers
the Canadian Investment Regulatory Organization (CIRO) released its latest "List of Securities Eligible for Reduced Margin Qualification" on February 5, which clearly excludes cryptocurrency funds from the policy of reducing margin requirements. CIRO stated that due to the volatility, liquidity risk, and regulatory uncertainty of cryptocurrency assets, this policy will continue to be implemented until further notice.
According to the regulations, securities eligible for reduced margin qualifications must meet multiple conditions, including a price volatility of no more than 25%, a public market value of more than CAD 100 million, and a daily trading volume of 25,000 shares. This will increase the leverage trading cost of cryptocurrency funds.
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