Canada has emerged as one of the most regulated and mature cryptocurrency markets in the world. Thanks to proactive financial regulators and high investor awareness, Canadian crypto users benefit from exchanges that combine compliance with ease of use. Here are the top 10 crypto exchanges in Canada, ranked by reputation, regulatory status, user experience, and trading volume.
1. Bitbuy
First on our list of the top 10 crypto exchanges in Canada is Bitbuy. It is one of Canada’s most trusted crypto exchanges, offering a user-friendly platform for buying, selling, and holding major cryptocurrencies. It is registered as a Restricted Dealer and a Marketplace under Canadian securities laws, making it one of the few fully regulated platforms in the country.
Key strengths: Full regulatory compliance, CAD funding options, strong customer support
Regulatory status: Registered with the Ontario Securities Commission (OSC)
2. Newton
Newton offers commission-free trading with competitive spreads. It supports a wide range of crypto assets and integrates with Canadian bank accounts for smooth fiat transfers. Newton has gained popularity for its clean interface and transparent fee structure.
Key strengths: Zero commission, fast CAD transfers, great UX
Regulatory status: Registered as a restricted dealer in Canada
3. Coinsquare
As one of the oldest exchanges in Canada, Coinsquare offers a full suite of trading services, including advanced tools for institutional investors. It merged with CoinSmart and WonderFi in 2023 to become part of Canada’s largest digital asset ecosystem.
Key strengths: Institutional tools, advanced order types, deep liquidity
Regulatory status: Registered IIROC dealer, member of CIPF
4. NDAX (National Digital Asset Exchange)
NDAX is well-known for its strong compliance track record and robust security features. It offers a limited but high-quality selection of crypto assets, ideal for beginners and professionals seeking a reliable platform.
Key strengths: High security, flat trading fees, quick KYC process
Regulatory status: FINTRAC-registered MSB, compliant with Canadian securities regulators
5. Kraken (Global, strong Canadian presence)
Kraken is a global exchange that has built a significant presence in Canada. It supports CAD deposits and offers one of the broadest selections of cryptocurrencies. It is particularly popular among Canadian users looking for staking and advanced trading features.
Key strengths: Advanced trading, staking rewards, robust API
Regulatory status: Registered as a restricted dealer in Canada
6. Coinbase (Global, with Canadian platform)
Coinbase is a household name in crypto, and it officially launched a Canadian platform with Interac e-Transfer support in 2023. While its fees are higher than local exchanges, Coinbase remains popular due to its brand recognition and reliability.
Key strengths: Intuitive mobile app, trusted global reputation
Regulatory status: Registered as a restricted dealer in Canada
7. Wealthsimple Crypto
Wealthsimple Crypto is part of the Wealthsimple investment platform. It appeals to traditional investors who want exposure to crypto through a simple and regulated interface, though it lacks some advanced trading features.
Key strengths: Seamless integration with stock and ETF investing, beginner-friendly
Regulatory status: Registered as a restricted dealer with Canadian securities authorities
8. VirgoCX
VirgoCX supports a wide range of cryptocurrencies and provides OTC services for high-net-worth individuals and institutions. It is known for low spreads, promotional offers, and CAD-friendly banking options.
Key strengths: Competitive spreads, wide coin selection, OTC desk
Regulatory status: FINTRAC-registered, applying for securities dealer licensing
9. Shakepay
Shakepay is one of the most popular mobile-first exchanges in Canada, focused on Bitcoin and Ethereum. It offers zero-fee CAD transfers, a prepaid card that gives Bitcoin cashback, and daily crypto rewards for active users.
Key strengths: Cashback in Bitcoin, Interac integration, beginner-focused
Regulatory status: Registered MSB with FINTRAC
10. Netcoins
Netcoins is a Vancouver-based exchange that offers both retail and OTC services. It’s part of BIGG Digital Assets and has expanded rapidly through compliance-first growth. It supports CAD deposits and is ideal for casual traders.
Key strengths: Canadian-based, strong regulatory focus, solid UI
Regulatory status: Registered as a restricted dealer in Canada
Final Thoughts
Canada’s crypto ecosystem offers a rare blend of regulation, innovation, and consumer trust. While global players like Kraken and Coinbase have strong offerings, homegrown exchanges like Bitbuy, NDAX, and Newton provide tailored experiences for Canadian users. Whether you’re a retail investor or a professional trader, there’s a compliant and user-friendly platform waiting for you.
