Company Information

Get to know CAVIRTEX | Canadian Virtual Exchange

Founded in 2011 and based in Calgary, Alberta, CAVIRTEX (Canadian Virtual Exchange) was a pioneering Bitcoin trading platform in Canada. It allowed users to buy and sell bitcoins using Canadian dollars, establishing itself as the country's oldest and, at its peak, largest exchange by volume. The company experienced a significant security breach in 2014 but managed to cover the losses. In April 2015, CAVIRTEX was acquired by the US-based exchange Coinsetter. Subsequently, in January 2016, Kraken acquired both Coinsetter and CAVIRTEX, migrating all user accounts to its global platform and effectively shutting down the CAVIRTEX brand and operations.

Industry

Crypto ExchangePRIMARY
Financial Other Service

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CAVIRTEX | Canadian Virtual Exchange

Canada

Founded in

2011 (15 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.