Newton Crypto, a Toronto-based cryptocurrency exchange, has become a cornerstone for Canadian traders since its 2018 launch. Known for its no-fee model and intuitive interface, Newton Crypto serves over 800,000 users, per its App Store listing, making it a top choice for beginners and seasoned investors. With a $200 million valuation and backing from DVX Capital and CI Financial, Newton Crypto blends accessibility with robust security. Its growth and regulatory compliance is something truly impressive, but how does it stand out in a crowded market?

Founded by Dustin Walper, a former Akira co-founder, Newton Crypto aimed to simplify crypto trading for Canadians. Starting with Bitcoin, Ethereum, and Litecoin, it expanded to support over 70 cryptocurrencies by 2025, including Solana, Dogecoin, and Cardano.

Newton Crypto - Canada’s Rising Star in the Crypto Scene

Source: Newton

Starting from 5000 users in 2018, by February 2021, it surpassed 100,000 users, and recent App Store data reports 800,000+ users, reflecting a 400% growth spurt in 2020-2021. A $20 million Series B round, backed by investors like Anthony Pompliano and Tiny Capital, fueled its $200 million valuation. Its 2019 web platform launch extended its no-fee model beyond iOS, cementing its market presence.

Operations & Functions

Newton Crypto operates a no-fee trading platform for buying, selling, and transferring over 70 cryptocurrencies. It prioritizes ease of use, security, and regulatory compliance. Key features include –

  • Trading Options: Supports 70+ coins, including Bitcoin, Ethereum, Solana, Cardano, and Dogecoin, with competitive 0.5-1% spreads.
  • No-Fee Structure: Zero deposit or withdrawal fees, covering up to $5 CAD in network fees for crypto withdrawals, reducing user costs
  • Funding Methods: Integrates Interac e-Transfers, wire transfers, and Plaid for bank connections, with 90% of deposits processed in under 10 minutes
  • User Experience: Offers instant verification for quick onboarding, accessible via web, iOS, and Android, with a clean dashboard for all skill levels.
  • Security Measures: Stores 80% of assets in cold storage via Coinbase Custody and Balance, with 2FA and daily off-site backups, ensuring safety.
  • Regulatory Compliance: Registered with FINTRAC, Newton is pursuing restricted dealer registration under the Ontario Securities Commission (OSC). This showcases its alignment with Canadian financial standards.
In 2022, Newton took a step further by launching beta version of Newton Pro. Newton Pro is an advanced trading interface for experienced users, addressing the needs of those seeking more control. Unlike the standard platform’s simplified buy/sell options, Newton Pro offers:

  • Limit Orders: Allows users to set specific buy or sell prices, enabling strategic trading.
  • Tighter Spreads: Provides spreads as low as 0.2% for high-volume trades, compared to 0.5-1% on the standard platform.
  • Enhanced Charting: Features TradingView powered charts with technical indicators like RSI and MACD for in-depth analysis.
  • Beta Feedback: Still in testing, with users shaping features like portfolio tracking.

Newton Pro’s beta status may include minor UI issues, but it positions Newton to compete with Kraken.

Strategic Partnerships

Newton’s success is deeply tied to its partnerships, which reinforce its reliability and user protections.

    • DV Chain (2018): DVX Capital Markets invested up to $15 million in debt and equity, contingent on performance targets. DV Chain’s IIROC-regulated broker, Independent Trading Group (ITG), provides liquidity, enabling Newton’s tight 0.5-1% spreads.
    • Balance (2019): Partnered with Toronto-based Balance for third-party custody, storing assets securely. Balance’s institutional-grade storage, audited by Deloitte, boosted user trust, contributing to Newton’s 100,000-user milestone in 2021.
    • Coinbase Custody: Secures 80% of assets in cold storage with 24/7 surveillance and physical vaults. This partnership protects against hacks.
    • Koinly (2024): Integrated Koinly’s tax reporting tools, offering 10% discounts and CRA-compliant reports for users. This simplifies tax season, saving users hours compared to manual calculations.
    • Plaid: Enables instant bank integrations via Interac e-Transfers and wire transfers, processing 90% of deposits in under 10 minutes. Plaid’s bank-grade security underpins Newton’s instant verification, a feature rivals like NDAX lack.

Is Newton Right for You?

Pros:

  • Zero deposit and withdrawal fees

  • Fast onboarding and funding

  • Institutional-grade custody partnerships

  • FINTRAC-registered and OSC-compliant operations

  • Advanced features via Newton Pro (in beta)

Cons:

  • Limited asset support compared to global platforms like Binance (800+ coins)

  • Newton Pro is still in testing and lacks full rollout

  • Not yet ideal for professional or algorithmic traders

For Canadian residents seeking a simple, transparent, and secure crypto platform, Newton Crypto remains a top-tier option. Its no-fee model, fast funding, and strong security practices set it apart from many domestic rivals. While advanced users might find its coin selection limiting or await a full release of Newton Pro, the platform offers more than enough for everyday traders and long-term investors. As Newton continues to expand its offerings and cement its regulatory standing, it stands poised to become a benchmark for Canadian crypto platforms

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About the Author: Aditi Sharma

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