Skip to content

Wealthsimple lists Chainlink, Uniswap, DOGE, and 11 more cryptos for trading via its app

Wealthsimple lists 14 new cryptocurrencies

Canada-based online investment management service Wealthsimple has announced the addition of 14 cryptocurrencies enabling users to trade in the newly listed assets. 

The addition comes barely a year after the platform launched Wealthsimple Crypto, the first regulated crypto exchange in Canada. Initially, the platform enabled investors to trade in Ethereum and Bitcoin. 

The fourteen newly added cryptocurrencies include tokens with significant utility cases and some that gained prominence in the wake of the Decentralized Finance (DeFi) boom. 

The tokens include; Aave, Balancer, Basic Attention Token, Bitcoin Cash, Compound, Curve, Dogecoin, Kyber Network, Chainlink, Litecoin, Maker, Sythentix, Uniswap, and Yearn Finance. 

To start trading cryptocurrencies, users will need to update their Wealthsimple Trade mobile app and acknowledge risk disclosure changes. Wealthsimple notes that it focused on security and audits, governance, maturity, demand, and liquidity in listing the new cryptocurrencies. 

With the addition, Wealthsimple also removed limits on the purchase of Bitcoin, Bitcoin Cash, Litecoin, and Ethereum.

Wealthsimple raises CAD 750 million

Furthermore, Wealthsimple’s crypto expansion follows the company’s recent funding round that raised CAD 750 million ($610 million) at a post-money valuation of CAD 5 billion ($4 billion).

Meritech and Greylock led the investment round. In October last year, Wealthsimple had raised CAD 114 million at a CAD 1.5 billion post-money valuations.

Wealthsimple has been able to capture a generation of financial consumers in Canada with financial products that are markedly different than anything offered by the incumbents — simpler, more human, and built with the kind of technology that delivers an experience consumers want,” said Max Motschwiller, General Partner, Meritech.

The company noted that it experienced significant growth during the pandemic, which likely contributed to its high valuation. As of early May, Wealthsimple had surpassed the two million user mark in Canada. 



Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available.

Read Next:

Weekly Finance Digest

Related posts