EZO OTC Desk Canadian Launch: EZO Reports $40 Million in Pre-Launch Volume
EZO Systems launches in Canada with a Cryptocurrency OTC Desk and $40M pre-launch volume, bringing trusted, compliant fintech innovation to Canada.
This announcement follows EZO’s October 8 release through Cision PR Newswire, marking its official Canadian debut. The press release can be read here.
"A few months ago, we quietly launched our OTC page and shared it with our network to test one idea: Canadians are ready for transparent, local OTC services that don’t hide spreads or fees. Before even starting our marketing push, we generated $600K+ in revenue and earned the trust of clients across the country. We’re proud to now open the EZO Systems OTC Desk to all Canadians, offering unique lifetime degressive pricing, transparent fees, and no hidden spreads."
— Jeff Mate, EZO Co-Founder and COO
EZO Systems has officially opened its Canadian operations, bringing a new level of transparency to cryptocurrency trading through its OTC Desk. The Quebec-based fintech, founded in 2022, brings its premium cryptocurrency trading services across the provinces and territories after processing over $40 million in transactions during a six-month pre-launch phase.
EZO secured regulatory approvals in Canada, including registration with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), licensing from Revenu Québec as a Money Services Business (MSB) as well as registration with the Bank of Canada as a Payment Service Provider (PSP) under the Retail Payment Activities Act (RPAA).
EZO was also highlighted in the 2025 Investissement Québec Startup Dealbook as one of the province’s most innovative emerging fintechs. The recognition underscores EZO’s growing reputation for building compliant, transparent financial infrastructure from within Quebec’s thriving startup ecosystem.
Pre-Launch Growth
EZO enters public launch with a significant scale already in motion. Over a six-month pre-launch period, the company processed more than $40 million CAD in transaction volume, generated more than $600,000 in revenue and has already raised $3 million.
Demand came from high-volume traders, businesses building cryptocurrency treasuries and companies sending or receiving payments in digital assets across Canada. These clients turned to EZO for human white-glove trading support, reliable execution, transparent pricing and predictable settlement. Newcomers to the space also found in EZO a trusted entry point: the team's human approach helped them securely self-custody assets in cold storage and begin building their investments with confidence.
Consistent repeat usage, growing account sizes and strong retention all point to durable product-market fit as EZO scales access more broadly.
Regulatory Conformity
Canada has some of the most rigorous standards for financial services, and EZO has embraced them fully. The company operates under the highest compliance and fraud-prevention standards, following Canadian regulation at every level and contracting the most advanced compliance technology solutions in the market.
- FINTRAC registration as a Money Services Business for Foreign Exchange, Money Transferring, Virtual Currency, and PSP. Registration number: C10000000157
- Revenu Québec license as a Money Services Business for Currency Exchange and Funds Transfer. License number: 18845
- Bank of Canada registration as a Payment Service Provider under the Retail Payment Activities Act
Fintech Community and Larger Ecosystem
At the center of the Canadian ecosystem, EZO joins fellow fintech startups as a part of Fintech Station in Montreal and Fintech Cadence.
In 2025, EZO took the stage at leading industry conferences including the Payments Canada Summit, Consensus, FinTech Forum, Blockchain Futurist, ETH Denver and the Canadian Fintech Summit. The company addressed building a compliant global fintech, the future of stablecoin rails, forging strong partnerships between banks and fintechs and building technology in Quebec that scales globally with one clear purpose: advancing financial inclusion.
What's Coming Next?
In Canada, EZO will expand its offering beyond the OTC Desk with the release of a self-service app in early 2026. The app will deliver an intuitive experience for personal and business users, reflecting the same focus on transparency, trust and compliance that defines EZO's OTC Desk.
Learn More About EZO
EZO Systems (9467-4116 Québec Inc.), operating under the brand EZO and EZO.APP, is a Canadian, Quebec-based, financial technology company on a mission to make financial accessibility a universal right.
EZO’s vision is straightforward: to make financial transactions seamless and accessible—anywhere, anytime, in just two clicks. The company is developing a global payment network that unites local, regional, and international flows through a blend of bank partnerships, fintech innovation, blockchain infrastructure and modern financial rails.
This announcement follows EZO’s October 8 release through Cision PR Newswire, marking its official Canadian debut. The press release can be read here.
