Some leveraged crypto trading is now available to Canadians through a regulated platform. On September 2, Coinbase began offering futures to permitted Canadian clients, including institutional investors and qualified high-net-worth individuals, with leverage of up to 10x.

Client cash in a new role

In the Bybit structure, tokenized money market funds pledged as crypto collateral support trading credit lines. A holding normally used as a cash reserve stays tied to trading activity while it is pledged. Neither firm disclosed eligibility criteria, collateral haircuts or credit limits.

The collaboration also covers wallet-based investors. A tokenized wealth product on the Bybit exchange and the Mantle…