**APX Lending Gains Exemption for Crypto Loans in Canada**

APX Lending, a crypto-backed loan company, has received exemptive relief from the Canadian Securities Administration, allowing it to offer loans without traditional dealer registration. Collaborating with the Ontario Securities Commission, APX developed a unique regulatory framework over two years. Currently, APX supports Bitcoin and Ether as collateral, with plans to expand its offerings. The company aims to reach the US, Australia, and New Zealand. APX's loans range from 20%-60% loan-to-value, with an automated liquidation mechanism. Competitors include Ledn, Nexo, and YouHodler.