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CoinSmart

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uuid00031hx

Namestring
CoinSmart
Legal namestring
CoinSmart
Websiteurl
coinsmart.com
Company typeenum
Public
Founded yearint
2018
Descriptiontext

CoinSmart is a Canadian-headquartered cryptocurrency exchange platform that facilitates retail trading of digital assets. Founded in 2018 and based in Toronto, the company operates as a publicly listed Canadian entity and holds Money Services Business (MSB) registration in over 40 countries, framing its positioning around regulatory compliance and multi-jurisdictional accessibility for users. The core product is a cryptocurrency exchange offering trading access, with custodial security delivered through a partnership with BitGo, which provides institutional-grade cold storage insurance for customer assets.

The company's business model is a standard retail exchange model: revenue is generated from trading fees and spreads on transactions executed by individual users across the platform, though specific fee schedules and pricing tiers are not disclosed in available sources. CoinSmart's customer base is composed of retail crypto traders, with no enterprise or institutional customers named. Operationally, the company runs a lean organization of 11–50 employees.

Over its operating history, CoinSmart has raised approximately $14.9M across three funding rounds between April 2018 and April 2021, with the largest disclosed raise of roughly $10.2M in April 2021. The combination of public listing status and the BitGo custody partnership form the principal commercial and security pillars disclosed in the source data. Beyond regulatory positioning and custodial security, no additional product modules, AI/ML capabilities, or strategic partnerships are documented in the available material.

Short descriptiontext

CoinSmart is a Toronto-based, publicly listed Canadian cryptocurrency exchange that serves retail crypto traders with trading services, MSB registration across 40+ countries, and BitGo-backed cold storage custody.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersToronto, Canada
HQ citystring
Toronto
HQ countrystring
Canada
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
cryptocurrency exchange, crypto trading platform, digital asset brokerage, bitcoin trading, altcoin exchange
Industry1 code
1On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks
CodeFSADAIAEPrimaryYes
NAICS code1 code
  • Securities and Commodity Exchanges52321
SIC code2 codes
  • Security & Commodity Brokers, Dealers, Exchanges & Services6200
  • Finance Services6199
Product category
Cryptocurrency Exchange
Social media profiles1 record
Cost components4 values
Technology or R&D, Personnel, Operations, Marketing or Sales
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

CoinSmart operates a cryptocurrency exchange platform that enables users to buy, sell, and trade digital assets such as Bitcoin and Ethereum. The platform is registered as a Money Services Business (MSB) in over 40 countries and provides institutional-grade custody through BitGo cold storage insurance. It is positioned as a regulated Canadian exchange with publicly disclosed compliance credentials.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

CoinSmart is a publicly listed Canadian cryptocurrency exchange platform. Based on the available sources, it offers cryptocurrency trading services with regulatory compliance including MSB (Money Services Business) registration across over 40 countries and cold storage insurance provided through BitGo. No additional product modules or sub-products are detailed in the current source material.

Product and service1 record
1CoinSmart Cryptocurrency Exchange
CategoryCryptocurrency Exchange
Description

A Canadian cryptocurrency exchange platform enabling users to buy, sell, and trade digital assets. The exchange holds MSB (Money Services Business) registration in over 40 countries and secures customer assets through BitGo cold storage insurance. It targets individual Canadian crypto traders and investors seeking a regulated trading venue.

Partnership1 partner
1BitGo
Strategic tierCoreTypeTechnology or Integration
Description

CoinSmart utilizes BitGo for cold storage insurance services, providing institutional-grade security for customer assets. BitGo is a well-known digital asset trust and security company that provides custodial solutions with insurance coverage for cryptocurrencies held in cold storage.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight3 records

Each record includes

Type, Description

Peers10 records
1Bitbuy
TypeDirect peer
Description

Canadian cryptocurrency exchange founded in 2016, directly comparable to CoinSmart in geography, customer base (retail Canadian crypto traders), and product scope (spot trading). Recently acquired by Robinhood via WonderFi, illustrating the consolidation path facing CoinSmart.

2Wealthsimple Crypto
TypeDirect peer
Description

Crypto trading product of Wealthsimple, a major Canadian fintech. Direct competitor in the Canadian retail crypto trading market with the additional advantage of integration into Wealthsimple's broader investment platform.

3NDAX
TypeDirect peer
Description

Calgary-based Canadian cryptocurrency exchange serving retail and institutional clients. Comparable to CoinSmart in regulatory positioning within Canada and core spot trading offering, with similar scale.

4Coinbase
TypeBroad incumbent
Description

Largest publicly listed US cryptocurrency exchange. Competes with CoinSmart on cross-border Canadian and global retail flow, with substantially broader product set (staking, custody, derivatives, Base) and regulatory footprint.

5Newton
TypeDirect peer
Description

Canadian cryptocurrency exchange focused on retail traders. Direct peer in geography, customer segment, and core product set, with comparable regulatory posture (FINTRAC-registered).

6Shakepay
TypeDirect peer
Description

Canadian crypto exchange and payments app targeted at retail users buying and selling Bitcoin and Ethereum. Closely comparable to CoinSmart on customer base and core spot trading functionality within Canada.

7Crypto.com
TypeBroad incumbent
Description

Global crypto exchange with retail app, card program, and institutional services. Overlaps with CoinSmart on spot trading and competes for retail Canadian users, with materially broader product scope and brand spend.

8Kraken
TypeBroad incumbent
Description

Global cryptocurrency exchange with strong security reputation and multi-asset trading. Comparable in offering spot trading and institutional services but operates at materially greater scale than CoinSmart.

9BitGo
TypeOthers
Description

Digital asset trust and custody company that provides insured cold storage to CoinSmart. Adjacent rather than directly competitive; relevant as both a key infrastructure partner and a benchmark for institutional-grade custody that influences exchange product strategy.

10Gemini
TypeBroad incumbent
Description

US-based, regulated cryptocurrency exchange with strong compliance positioning. Comparable regulatory-first approach to CoinSmart, with the same publicly-listed exchange angle, but at much greater scale and broader US/global reach.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat2 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds3 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

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

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment1 record

Each record includes

Name, Round, Announced date, Lead investor, Website, News

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

CoinSmart

Cryptocurrency Exchangecoinsmart.com

CoinSmart is a Toronto-based, publicly listed Canadian cryptocurrency exchange that serves retail crypto traders with trading services, MSB registration across 40+ countries, and BitGo-backed cold storage custody.

What CoinSmart does

CoinSmart is a Canadian-headquartered cryptocurrency exchange platform that facilitates retail trading of digital assets. Founded in 2018 and based in Toronto, the company operates as a publicly listed Canadian entity and holds Money Services Business (MSB) registration in over 40 countries, framing its positioning around regulatory compliance and multi-jurisdictional accessibility for users. The core product is a cryptocurrency exchange offering trading access, with custodial security delivered through a partnership with BitGo, which provides institutional-grade cold storage insurance for customer assets.

The company's business model is a standard retail exchange model: revenue is generated from trading fees and spreads on transactions executed by individual users across the platform, though specific fee schedules and pricing tiers are not disclosed in available sources. CoinSmart's customer base is composed of retail crypto traders, with no enterprise or institutional customers named. Operationally, the company runs a lean organization of 11–50 employees.

Over its operating history, CoinSmart has raised approximately $14.9M across three funding rounds between April 2018 and April 2021, with the largest disclosed raise of roughly $10.2M in April 2021. The combination of public listing status and the BitGo custody partnership form the principal commercial and security pillars disclosed in the source data. Beyond regulatory positioning and custodial security, no additional product modules, AI/ML capabilities, or strategic partnerships are documented in the available material.

CoinSmart firmographics

Firmographics
Name
CoinSmart
Legal name
CoinSmart
Website
https://coinsmart.com
Company type
Public
Founded year
2018
Operating status
Operating
Headcount range
11–50 employees
Short description
CoinSmart is a Toronto-based, publicly listed Canadian cryptocurrency exchange that serves retail crypto traders with trading services, MSB registration across 40+ countries, and BitGo-backed cold storage custody.
Ownership category
akta.pro rank

CoinSmart industry classification

Industry
Product category
Cryptocurrency Exchange
NAICS
Securities and Commodity Exchanges (52321)
SIC
Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)
akta.pro primary industry
On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks (FSADAIAE)

Keywords

  • Cryptocurrency exchange
  • Crypto trading platform
  • Digital asset brokerage
  • Bitcoin trading
  • Altcoin exchange

Where CoinSmart is headquartered

Location

Headquarters

HQ city
Toronto
HQ country
Canada
HQ region
North America

Markets served

CoinSmart business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Technology or R&D, Personnel, Operations, Marketing or Sales

CoinSmart product offering

Product offering

Core offering

CoinSmart operates a cryptocurrency exchange platform that enables users to buy, sell, and trade digital assets such as Bitcoin and Ethereum. The platform is registered as a Money Services Business (MSB) in over 40 countries and provides institutional-grade custody through BitGo cold storage insurance. It is positioned as a regulated Canadian exchange with publicly disclosed compliance credentials.

Product overview

CoinSmart is a publicly listed Canadian cryptocurrency exchange platform. Based on the available sources, it offers cryptocurrency trading services with regulatory compliance including MSB (Money Services Business) registration across over 40 countries and cold storage insurance provided through BitGo. No additional product modules or sub-products are detailed in the current source material.

Differentiator

Problem solved

Functional benefit

Products and services

  • CoinSmart Cryptocurrency Exchange A Canadian cryptocurrency exchange platform enabling users to buy, sell, and trade digital assets. The exchange holds MSB (Money Services Business) registration in over 40 countries and secures customer assets through BitGo cold storage insurance. It targets individual Canadian crypto traders and investors seeking a regulated trading venue.

Companies that use CoinSmart

Customer profile

Ideal customer profiles1 record

CoinSmart technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

CoinSmart partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • BitGocoreTechnology or IntegrationCoinSmart utilizes BitGo for cold storage insurance services, providing institutional-grade security for customer assets. BitGo is a well-known digital asset trust and security company that provides custodial solutions with insurance coverage for cryptocurrencies held in cold storage.

Recent moves5 records

Expansion highlights3 records

CoinSmart competitors and assessment

Company assessment

Direct peers

  • Bitbuy: Canadian cryptocurrency exchange founded in 2016, directly comparable to CoinSmart in geography, customer base (retail Canadian crypto traders), and product scope (spot trading). Recently acquired by Robinhood via WonderFi, illustrating the consolidation path facing CoinSmart.
  • Wealthsimple Crypto: Crypto trading product of Wealthsimple, a major Canadian fintech. Direct competitor in the Canadian retail crypto trading market with the additional advantage of integration into Wealthsimple's broader investment platform.
  • NDAX: Calgary-based Canadian cryptocurrency exchange serving retail and institutional clients. Comparable to CoinSmart in regulatory positioning within Canada and core spot trading offering, with similar scale.
  • Newton: Canadian cryptocurrency exchange focused on retail traders. Direct peer in geography, customer segment, and core product set, with comparable regulatory posture (FINTRAC-registered).
  • Shakepay: Canadian crypto exchange and payments app targeted at retail users buying and selling Bitcoin and Ethereum. Closely comparable to CoinSmart on customer base and core spot trading functionality within Canada.

Broad incumbents

  • Coinbase: Largest publicly listed US cryptocurrency exchange. Competes with CoinSmart on cross-border Canadian and global retail flow, with substantially broader product set (staking, custody, derivatives, Base) and regulatory footprint.
  • Crypto.com: Global crypto exchange with retail app, card program, and institutional services. Overlaps with CoinSmart on spot trading and competes for retail Canadian users, with materially broader product scope and brand spend.
  • Kraken: Global cryptocurrency exchange with strong security reputation and multi-asset trading. Comparable in offering spot trading and institutional services but operates at materially greater scale than CoinSmart.
  • Gemini: US-based, regulated cryptocurrency exchange with strong compliance positioning. Comparable regulatory-first approach to CoinSmart, with the same publicly-listed exchange angle, but at much greater scale and broader US/global reach.

Others

  • BitGo: Digital asset trust and custody company that provides insured cold storage to CoinSmart. Adjacent rather than directly competitive; relevant as both a key infrastructure partner and a benchmark for institutional-grade custody that influences exchange product strategy.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights5 records

Customer concentration

CoinSmart social profiles

Digital presence

CoinSmart financial estimates

Financial estimate

Revenue estimate

Valuation estimate

CoinSmart leadership team

Management profile

Number of profiles

Profiles3 records

CoinSmart funding detail

Funding detail

Funding overview

Funding rounds3 records

Investors

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

CoinSmart M&A and investment

M&A and investment

M&A

Investments1 record

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

Frequently asked questions about CoinSmart

What does CoinSmart do?

CoinSmart operates a cryptocurrency exchange platform that enables users to buy, sell, and trade digital assets such as Bitcoin and Ethereum. The platform is registered as a Money Services Business (MSB) in over 40 countries and provides institutional-grade custody through BitGo cold storage insurance. It is positioned as a regulated Canadian exchange with publicly disclosed compliance credentials.

Is CoinSmart a public or private company?

CoinSmart is a public company. It is classified as venture growth investor backed and is currently operating.

When was CoinSmart founded?

CoinSmart was founded in 2018. It employs 11 to 50 people.

Where is CoinSmart based?

CoinSmart is headquartered in Toronto, Canada, in the North America region.

Who are CoinSmart's main competitors?

Direct peers on record are Bitbuy, Wealthsimple Crypto, NDAX, Newton and Shakepay. Broad incumbents are Coinbase, Crypto.com, Kraken and Gemini. BitGo is listed as an others.

Does CoinSmart have an API?

No public API is recorded for CoinSmart.

What industry is CoinSmart in?

CoinSmart's product category is Cryptocurrency Exchange. Its primary akta.pro industry code is FSADAIAE, On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks. Its NAICS code is 52321 and its SIC code is 6200.

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BitgetCoinSmart vs Bitget 2026: Security, Regulation, and Safety ComparedThis article is a 2026 security and regulatory comparison between cryptocurrency exchanges CoinSmart and Bitget, published as a promotional piece for Bitget. CoinSmart is presented as a publicly listed Canadian exchange with MSB registration in over 40 countries and cold storage insurance via BitGo, while Bitget is positioned as offering a broader asset selection, a $300M+ self-funded Protection Fund, and lower trading fees at 0.01% spot and 0.02%/0.06% futures. The article references the 2025 GENIUS Act as setting new global standards for stablecoin management and financial reporting in the crypto exchange industry.NewsfileWonderFi, Coinsquare and CoinSmart to Combine to Create Canada's Largest Regulated Crypto Asset Trading Platform with 1.65 Million Registered UsersWonderFi Technologies Inc., Coinsquare Ltd., and CoinSmart Financial Inc. have entered into a business combination agreement to create Canada's largest regulated crypto asset trading platform. The combined entity will have over 1.65 million registered users, approximately $600 million in assets under custody, $17 billion in transactions since 2017, and approximately $37 million in combined fiscal year 2022 revenues. The transaction, structured via court-approved plans of arrangement, is subject to regulatory and shareholder approvals expected in Q2 2023, with WonderFi shareholders retaining approximately 38% ownership in the combined company.GlobeNewswireSociety Pass Inc (Nasdaq: SOPA) Adds Cypto Currency Payments Capabilities by Partnering with Canada-based CoinSmart Financial Inc (NEO: SMRT) (FSE: IIR)Society Pass Inc. announced a strategic partnership with Canada-based CoinSmart Financial to integrate SmartPay crypto payment services into its Southeast Asia fintech ecosystem. The collaboration aims to increase customer numbers, user retention, and revenue, with CoinSmart supporting Bitcoin, Ethereum, and fiat currencies.BetaKitCoinsquare to acquire CoinSmart as consolidation of Canadian crypto traders continuesCoinsquare has entered into an agreement to acquire CoinSmart for $3 million in cash plus 5.2 million shares, aiming to consolidate its position as one of Canada’s largest crypto trading platforms and secure regulatory approval from IIROC. The combined entity will manage over $10 billion in transactions and more than one million users, providing Coinsquare with a pathway to regulated market status following previous legal settlements. This strategic move follows significant staff reductions at Coinsquare and mirrors broader consolidation trends in the Canadian cryptocurrency sector driven by mounting regulatory pressure.CrowdFund InsiderCanada: Coinsquare Acquires CoinSmart, Creates Largest Crypto Exchange in the CountryCanadian digital asset firm Coinsquare has agreed to acquire CoinSmart, the operator of a crypto marketplace registered with the Ontario Securities Commission, in a definitive agreement signed on September 22, 2022. The combination creates Canada's largest crypto exchange by user base and transaction volume, with CoinSmart shareholders receiving an approximately 12% ownership stake in the combined entity. This strategic move aims to achieve operational efficiencies and regulatory advantages as Coinsquare seeks final approval to become Canada’s first IIROC-regulated crypto dealer.CrowdFund InsiderNFTs: CoinSmart Financial Inc. Announces Investment in NFT Cross-Bridge Marketplace, CurateCoinSmart Financial Inc. has announced an investment in Curate, an NFT cross-bridge marketplace, with an option to acquire a majority stake later this year. The partnership aims to accelerate global adoption of digital assets, leveraging Curate's multi-chain platform which has already amassed over 100,000 active users.MarketScreenerCoinSmart completed the acquisition of Mesa Exploration Corp. in a reverse merger transaction.CoinSmart completed the acquisition of Mesa Exploration Corp. through a reverse merger transaction, with the surviving entity expected to change its name to CoinSmart Financial Inc. The deal involved concurrent private placement financing raising up to CAD 10 million and has received conditional approval from the NEO Exchange for share listing. Key executive appointments were made for the new board and management team following the completion.NewsfileMesa and CoinSmart Enter into Amalgamation Agreement and Close $12.6 Million Concurrent Private Placement of CoinSmartMesa Exploration Corp. and CoinSmart have entered into a definitive amalgamation agreement under which Mesa will acquire all shares of the cryptocurrency exchange CoinSmart through a three-cornered amalgamation. Concurrently, CoinSmart completed a private placement offering of subscription receipts generating approximately C$12.6 million in gross proceeds to fund regulatory approvals and operational expansion.