Company Information

Get to know Quadriga Fintech Solutions

Founded in 2013 by Gerald Cotten and Michael Patryn, Quadriga Fintech Solutions operated the QuadrigaCX cryptocurrency exchange. It grew to become the largest crypto exchange in Canada, allowing users to trade Bitcoin, Litecoin, and Ethereum for Canadian dollars. The company's operations collapsed abruptly in early 2019 following the reported death of its CEO, Gerald Cotten, in December 2018. The company claimed it could not access C$250 million in funds owed to 115,000 customers because Cotten was the only person with the passwords to the offline cold wallets. Subsequent investigations revealed the company was a fraudulent enterprise and a Ponzi scheme.

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Crypto ExchangePRIMARY
Financial Other Service

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Quadriga Fintech Solutions

Canada

Founded in

2013 (13 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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Markets.com

(326 reviews)

United States

2008

(18 years)

Security Information :

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Security Information

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This company is currently Unproved.

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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.