Lucas Matheson, director of Coinbase Canada, said in an interview that Coinbase is looking to launch perpetual futures contracts and other derivatives products in Canada, and is having public conversations with politicians and regulators such as the Ontario Securities Commission (OSC) to update the country's policies to achieve this goal. Additionally, Coinbase is applying for “restricted dealer registration,” a new type of guidance that would require exchanges to register with the Canadian government. To this end, Coinbase recently joined the Canadian Web3 Council, a multi-stakeholder non-profit organization that promotes legislative and regulatory initiatives in Canada to be more industry-friendly.