Coinsquare

What Coinsquare does

Coinsquare is a Canadian cryptocurrency trading platform founded in 2014 and headquartered in Toronto. It operates a CIRO-registered Alternative Trading System (ATS) supporting trading of Bitcoin, Ethereum, and 60+ other digital assets across more than 3,000 trading pairs, with cumulative platform volume exceeding $8 billion and over 9 million trades executed. The product suite is segmented by user sophistication: Coinsquare Trade (beginner mobile app), Coinsquare Pro (advanced trading with live order book and depth charts), Coinsquare Wealth (OTC with CIRO-registered Investment Representatives), Coinsquare Staking (up to 12.77% rewards on SOL, ETH, ADA, DOT, MATIC, NEAR, ATOM, TIA, INJ), and Coinsquare Alpha (wealth management). Client digital assets are held in cold storage with Coinbase Custody and BitGo Trust Company under a combined $680M USD insurance arrangement, and cash balances are protected by CIPF up to $1M CAD per account.

The company serves four primary customer segments—retail crypto traders, active/professional traders, high-net-worth individuals, and institutional clients—using a horizontal segmentation approach across the Canadian domestic market. Revenue is generated through transaction fees on trades, staking fees (up to 30% of net rewards), and Wealth/OTC service fees, with no publicly disclosed pricing schedule. Following Robinhood Markets' June 2026 acquisition of parent WonderFi for approximately CA$180-250M, Coinsquare now operates within the Robinhood ecosystem, gaining access to approximately 300,000 Canadian funded customers and integrating with Robinhood's flat 0.5% per-trade fee structure. WonderFi's combined platforms (Coinsquare and Bitbuy) generated $49.8M in revenue in 2025, the most recent disclosed financial benchmark.

Coinsquare's competitive position is anchored by its regulatory status as Canada's first CIRO-registered crypto trading platform and its institutional-grade custody architecture. AI capabilities are limited to a customer-facing support chatbot for conversational queries and quality assurance training, with no proprietary AI/ML systems disclosed for trading, compliance, or risk functions.

Name

Coinsquare

Legal name

Coinsquare Capital Markets Ltd.

Website

https://coinsquare.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Coinsquare is a CIRO-regulated Canadian cryptocurrency trading platform founded in 2014, offering trading, staking, OTC, and wealth services across 60+ digital assets. Operating under Robinhood since the 2026 WonderFi acquisition, it serves approximately 300,000 Canadian retail and high-net-worth customers.

Ownership category

akta.pro rank

Product category

Cryptocurrency Exchange

NAICS

Securities and Commodity Exchanges (523210), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks (FSADAIAE)

Keywords

• Cryptocurrency exchange
• Digital asset trading
• Crypto staking services
• OTC crypto trading
• Crypto custody services

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Technology or R&D, Operations, Personnel, Marketing or Sales, Supply Chain, Infrastructure

Revenue model

1. Trading Transaction Fees: Fees charged on buy/sell orders for digital assets. Revenue includes mark-ups on purchase prices and mark-downs on sale prices, plus transaction fees per trade.
2. Staking Services: Coinsquare earns fees up to 30% of Net Rewards from staking services. Custodians take a fee from rewards, with Figment Inc. acting as validator. User rewards are credited after fees are deducted.
3. Wealth/OTC Services: Personalized OTC service from CIRO-registered Investment Representatives for high-net-worth clients navigating crypto landscape.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Coinsquare is a Canadian cryptocurrency trading platform that enables individuals and institutions to buy, sell, trade, and stake digital assets such as Bitcoin, Ethereum, XRP, and Solana. It operates a multi-tier product suite including Coinsquare Trade (mobile trading for beginners), Coinsquare Pro (advanced trading with order books), Coinsquare Wealth (OTC trading with CIRO-registered representatives), Coinsquare Staking (rewards up to 12.77%), and Coinsquare Alpha (portfolio management), all running on its proprietary Alternative Trading System (ATS) under CIRO regulatory oversight.

Product overview

Coinsquare is a multi-product Canadian cryptocurrency trading platform offering a unified platform-plus-modules architecture. The core offering includes Coinsquare Trade for beginner-friendly mobile trading and Coinsquare Pro for advanced trading with depth charts and order books. Additional modules include Coinsquare Wealth (OTC trading with dedicated CIRO-registered representatives), Coinsquare Staking (earn up to 12.77% on supported cryptocurrencies), and Coinsquare Alpha (advanced wealth management). The platform also operates Coinsquare ATS, an Alternative Trading System functioning as a Canadian marketplace for digital assets. The platform supports 60+ cryptocurrencies with over 3,000 trading pairs, regulated under CIRO and member of CIPF.

Differentiator

Problem solved

Functional benefit

Brands

• Coinsquare Trade: Mobile app for buying, selling and holding Bitcoin and other cryptocurrencies with simple and secure interface.
• Coinsquare Pro
• Coinsquare Wealth
• Coinsquare Staking
• Coinsquare Alpha
• Coinsquare ATS

Products and services

• Coinsquare Trade Mobile trading application that enables Canadian consumers to buy, sell, and hold Bitcoin and other cryptocurrencies through a simple, secure interface targeted at beginners.
• Coinsquare Pro Advanced trading platform designed for active traders, featuring depth charts, live order book interaction, and advanced fill instructions.
• Coinsquare Wealth Over-the-counter crypto trading service providing personalized service from dedicated CIRO-registered Investment Representatives for high-net-worth clients, including market structure insights and account management.
• Coinsquare Staking Crypto staking service allowing users to earn passive rewards of up to 12.77% on supported digital assets including SOL, ETH, ADA, DOT, MATIC, NEAR, ATOM, TIA, and INJ.
• Coinsquare Alpha Wealth management service providing advanced portfolio management and alpha-generation strategies for cryptocurrency investments.
• Coinsquare ATS (Alternative Trading System) Alternative Trading System that operates as a Canadian marketplace supporting trading of digital assets such as Bitcoin, Ether, and others, functioning as an auction market matching buy and sell orders at top of book in strict price/time priority.

Named customers1 record

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability2 records

Feature3 records

Partnerships

Four partnerships are on record, tiered flagship and core.

• Robinhood MarketsflagshipStrategic or Co-development Partner · 2 June 2026Robinhood acquired WonderFi (parent company of Coinsquare) for approximately $180M-$250M CAD, bringing Coinsquare and Bitbuy under Robinhood's control. The acquisition provides Robinhood entry into the Canadian crypto market with approximately 300,000 funded customers and regulatory licenses. Coinsquare now operates as part of Robinhood's Canadian operations.
• WonderFicoreStrategic or Co-development PartnerWonderFi is the parent company of Coinsquare and Bitbuy. WonderFi operated two of Canada's longest-standing regulated crypto platforms which are now part of Robinhood's Canadian expansion.
• Coinbase Custody Trust Company, LLCcoreTechnology or IntegrationCold storage custodial services for client digital assets. Coinbase is a New York trust company regulated by the New York State Department of Financial Services. Holds Bitcoin, Ethereum, and many other supported assets in cold wallet storage.
• BitGo Trust Company, Inc.coreTechnology or IntegrationCold storage custody for client digital assets and staking services. BitGo is a South Dakota trust company licensed under the South Dakota Division of Banking. Authorized as Digital Asset custodian under exemptive relief from CIRO.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Bitbuy: Canadian crypto trading platform and sibling company under WonderFi/Robinhood. Operates as one of Canada's longest-standing regulated crypto exchanges and shares the same regulatory and parent-company context as Coinsquare.
• Wealthsimple Crypto: Canadian retail investment platform with a regulated crypto trading offering. Directly competes with Coinsquare's Trade product for Canadian retail investors and operates under Canadian securities regulations.
• NDAX: Canadian-based cryptocurrency exchange serving retail and institutional clients with CAD on/off-ramps and staking. Directly comparable Canadian competitor with similar product breadth and regulatory positioning.
• Shakepay: Canadian crypto platform focused on retail Bitcoin and Ethereum purchases. Competes with Coinsquare's Trade product for the beginner-to-intermediate Canadian retail segment.
• Kraken: Global cryptocurrency exchange with a Canadian presence serving Canadian retail and professional traders. Competes directly with Coinsquare's Pro product and offers staking and OTC services.

Broad incumbents

• Coinbase: Largest US-listed crypto exchange, also operating in Canada. Competes with Coinsquare across retail and institutional segments and serves as Coinsquare's primary custody infrastructure partner through Coinbase Custody.
• Crypto.com: Global crypto exchange and card issuer with a Canadian user base. Overlaps with Coinsquare on retail trading and staking, and competes more broadly across consumer crypto services.
• Binance: World's largest crypto exchange by volume with a Canadian presence. Competes with Coinsquare on liquidity, asset breadth, and trading fees for Canadian professional and retail traders.
• Robinhood Crypto: US-based retail trading platform's crypto vertical and now parent company of Coinsquare via the WonderFi acquisition. Comparable mobile-first trading UX and Canadian market positioning post-acquisition.
• Gemini: US-regulated crypto exchange and custodian with institutional and retail offerings. Comparable regulated exchange model and institutional custody focus, with growing Canadian exposure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/coinsquare
• Facebookfacebook.com/coinsquare.io
• LinkedInlinkedin.com/company/coinsquare
• Instagraminstagram.com/coinsquare

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds4 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A6 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Coinsquare