Netcoins
Netcoins is a Canadian cryptocurrency exchange serving retail, corporate, and institutional clients with trading, staking, custody, and lending services across 60+ digital assets. The regulated platform processes over $1 billion in annual trading volume for 285,000+ registered clients.
- Company typePrivate
- Founded2014
- HeadquartersVancouver, Canada
- Headcount1–10
- GTM typeB2B and B2C
- OfferingSoftware
What Netcoins does
Netcoins is a Canadian cryptocurrency exchange platform founded in 2014 and headquartered in Vancouver, operating as a wholly owned subsidiary of publicly traded parent BIGG Digital Assets Inc. (TSXV: BIGG.CA). The platform serves retail individuals, private and wealth clients, corporations and institutional clients, fintechs, payment platforms, and Bitcoin ATM users across North America. As of the most recent reporting period, Netcoins reports 285,000+ registered clients and over $3 billion in lifetime transaction volume, with gross trading volume surpassing $1 billion for the first time in 2025. The product suite spans self-directed trading (60+ cryptocurrencies), an OTC desk for institutional and large-volume trades, API trading and white-label for fintech partners, staking (ETH, SOL, ATOM with up to 15% APY), insured custody, and crypto lending.
The underlying platform is a cloud-based exchange with multi-layer custody infrastructure through Fireblocks and BitGo, segregated client accounts, and SOC 2 Type 2 audit compliance. Institutional-grade trading execution is delivered via Talos integration, providing smart order routing, multi-venue connectivity, coin-to-coin swaps, and USD-denominated trading pairs. Netcoins reports 99.99% uptime during high-volatility periods and supports free account funding via Interac e-transfer, bank wires, and crypto deposits. Distribution channels include a self-serve web platform (netcoins.app), native iOS and Android apps, an OTC desk with dedicated relationship managers, API endpoints, Bitcoin ATMs, and a referral/affiliate program.
The business operates on a transaction-fee revenue model: a flat 0.5% trading fee across buy/sell transactions, revenue share from staking rewards, and lending spreads on the recently launched crypto lending product. Reported annual revenue reached approximately $10.56M CAD (112% YoY growth), with parent BIGG Digital Assets reporting FY2025 consolidated revenue of $12.86M CAD. Revenue rose from $4.9M in 2022 to $11.5M in 2024. The company operates debt-free with $4.1M in free working capital and a narrowed net loss of $1.3M. The go-to-market combines product-led growth for retail (self-serve sign-up, mobile-first) with enterprise field sales and channel partnerships (BitGo Go Network, Talos) for institutional and embedded finance clients. Regulatory positioning is a core differentiator: registration with the BCSC and all Canadian provincial securities regulators, FINTRAC MSB registration, and CIRO membership application accepted in June 2026.
Netcoins firmographics
Firmographics- Name
- Netcoins
- Legal name
- Netcoins Inc.
- Website
- https://netcoins.ca
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Netcoins is a Canadian cryptocurrency exchange serving retail, corporate, and institutional clients with trading, staking, custody, and lending services across 60+ digital assets. The regulated platform processes over $1 billion in annual trading volume for 285,000+ registered clients.
- Ownership category
- akta.pro rank
Netcoins industry classification
Industry- Product category
- Cryptocurrency Exchange
- NAICS
- Securities and Commodity Exchanges (5232)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Digital Asset/Crypto Trade Execution Platforms (FSAFANAO)
- akta.pro secondary industries
- Prime Brokerage & Institutional Trading Services (FSAPADAF), Centralized Crypto Lending Platforms (CeFi) (FSADAFAA)
Keywords
Where Netcoins is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Netcoins business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Others
Revenue model
- Trading Fees: Transaction-based fees charged on crypto trades. Platform processed over $1 billion in gross trading volume in 2025, generating revenue from spread and commission on spot trading.
- Staking Rewards: Revenue generated from staking services where users earn up to 15% annually on holdings. Platform acts as validator infrastructure partner, earning a portion of staking rewards.
- Crypto Lending: Crypto lending features launched in Canada enabling users to lend crypto assets and earn interest, generating revenue from lending spreads.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Flat 0.5% trading fee across all trades |
| Transaction based/ take rate | Pay-as-you-go | Staking rewards up to 15% APY |
| Transaction based/ take rate | Pay-as-you-go | Custom OTC pricing for institutional clients |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels6 records
Netcoins product offering
Product offeringCore offering
Netcoins operates a Canadian-regulated cryptocurrency exchange platform enabling retail and institutional clients to buy, sell, and trade 60+ digital assets. Core offerings include self-directed retail trading, an institutional OTC desk, programmatic API trading, staking services (ETH, SOL, ATOM with up to 15% APY), crypto lending, and insured custody backed by Fireblocks and BitGo. The platform is accessible via web, iOS, and Android, with Interac e-transfer funding and 24/7 Canadian customer support.
Product overview
Netcoins is a Canadian cryptocurrency exchange platform offering a comprehensive suite of trading and financial services. The platform operates as a unified ecosystem comprising a core Self-Directed Trading platform and mobile app for retail users, supplemented by OTC Trading for institutional clients, API Trading for programmatic access, Staking with up to 15% annual yields, Crypto Lending, and insured Custody services. The platform supports 60+ cryptocurrencies including Bitcoin, Ethereum, Solana, and emerging tokens like Bittensor and Sui. Netcoins serves retail investors, private/wealth clients, corporations, institutions, fintechs, and payment platforms across North America, processing over $3 billion in lifetime transaction volume for its 285,000+ clients.
Differentiator
Problem solved
Functional benefit
Products and services
- Self-Directed Trading Core retail cryptocurrency trading platform enabling individual users to instantly buy, sell, and trade 60+ major cryptocurrencies with a flat 0.5% trading fee, Interac e-transfer funding, and 24/7 Canadian support.
- OTC Trading Desk Over-the-counter trading desk for institutional and corporate clients executing large volume trades with custom pricing, dedicated support from real people, and fast settlements.
- API Trading Programmatic trading interface enabling developers, fintechs, and institutions to build automated trading systems and integrate with Netcoins' trading infrastructure.
- Staking Cryptocurrency staking service allowing users to earn rewards up to 15% annually by staking ETH, SOL, and ATOM, with validator infrastructure operated by SOL Strategies.
- Netcoins Mobile App Native iOS and Android mobile applications enabling users to trade cryptocurrencies, manage portfolios, receive personalized price alerts via push notifications, and use biometric security.
- Crypto Lending Crypto lending service enabling Canadian users to lend their cryptocurrency assets and earn interest or access liquidity against crypto collateral.
- Custody Secure insured custody services for client assets held in segregated accounts with institutional-grade protection via Fireblocks and BitGo multi-layer infrastructure.
Quantifiable outcome
- 285,000+ registered clients on the platform
- +4 more outcomes
Companies that use Netcoins
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
Netcoins technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature5 records
Netcoins partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- TaloscoreNetcoins integrated the Talos trading platform to enhance trading capabilities for retail, corporate, and institutional clients. The integration provides institutional-grade execution, smart order routing, and multi-venue connectivity, enabling improved pricing, deeper liquidity, and more sophisticated trading workflows. Netcoins is expanding its product offerings to include coin-to-coin swaps and USD-denominated trading while supporting its planned CIRO application.
- BitGocoreBitGo provides custody protection for Netcoins assets through its Go Network. Partnership enables enhanced security and insurance for client holdings.
- SOL Strategies Inc.coreSOL Strategies provides Solana staking validator services for Netcoins retail customers. The partnership transitions Netcoins' staking operations to SOL Strategies' infrastructure, offering higher yields and regulatory compliance. Existing validators serve over 15,000 wallets.
- FireblockscoreFireblocks provides institutional-grade custody infrastructure protecting client assets on the Netcoins platform with multi-layer security and insurance coverage.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
Netcoins competitors and assessment
Company assessmentDirect peers
- Bitbuy: Canadian cryptocurrency exchange owned by WonderFi, offering retail crypto trading and staking to Canadian users. Directly competes with Netcoins in the regulated Canadian retail crypto market with similar BCSC registration and similar fee structures.
- NDAX (National Digital Asset Exchange): Canadian-regulated cryptocurrency exchange based in Calgary offering spot trading, OTC desk, and institutional services. Competes head-to-head with Netcoins in the Canadian institutional and retail crypto segments under similar CIRO/CSA regulatory framework.
- Wealthsimple Crypto: Canadian wealth platform offering crypto trading alongside broader investment products. Competes with Netcoins for Canadian retail investors seeking regulated crypto exposure, with a significantly larger distribution base via the Wealthsimple ecosystem.
- Shakepay: Canadian crypto platform focused on retail users buying and selling Bitcoin and Ethereum with Interac integration. Competes directly with Netcoins for the same self-directed Canadian retail crypto investor segment.
- Coinberry: Canadian FINTRAC-registered cryptocurrency exchange focused on retail traders. Competes with Netcoins in the regulated Canadian retail market with overlapping regulatory positioning and product offerings.
Broad incumbents
- Kraken: Major global cryptocurrency exchange with a Canadian presence and broad product suite including spot trading, staking, OTC, and institutional services. Competes with Netcoins across both retail and institutional segments in Canada, with greater scale and broader coin listings.
- Coinbase: Large US-listed global cryptocurrency exchange offering trading, custody, staking, and institutional services. Operates in Canada and competes with Netcoins for retail and institutional clients, with significantly deeper liquidity and brand recognition.
- Crypto.com: Global cryptocurrency exchange and platform offering trading, staking, lending, and a Visa card product. Competes with Netcoins for Canadian retail and institutional clients with a much broader marketing reach and product portfolio.
- Gemini: US-based regulated cryptocurrency exchange and custodian founded by the Winklevoss twins, serving both retail and institutional clients. Comparable to Netcoins in emphasizing regulatory compliance, SOC 2 audits, and insured custody as core differentiators.
Others
- BitGo: Institutional digital asset custody and trading infrastructure provider that Netcoins uses for custody via the Go Network. Comparable as an ecosystem enabler in the institutional crypto custody and trading stack that Netcoins' institutional services rely upon.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Netcoins social profiles
Digital presenceNetcoins compliance and trust
Trust signalCompliance4 records
Netcoins financial estimates
Financial estimateRevenue estimate
Valuation estimate
Netcoins leadership team
Management profileNumber of profiles
Profiles1 record
Netcoins funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Netcoins M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Netcoins
What does Netcoins do?
Netcoins operates a Canadian-regulated cryptocurrency exchange platform enabling retail and institutional clients to buy, sell, and trade 60+ digital assets. Core offerings include self-directed retail trading, an institutional OTC desk, programmatic API trading, staking services (ETH, SOL, ATOM with up to 15% APY), crypto lending, and insured custody backed by Fireblocks and BitGo. The platform is accessible via web, iOS, and Android, with Interac e-transfer funding and 24/7 Canadian customer support.
Is Netcoins a public or private company?
Netcoins is a private company. It is classified as corporate owned and is currently operating.
When was Netcoins founded?
Netcoins was founded in 2014. It employs 1 to 10 people.
Where is Netcoins based?
Netcoins is headquartered in Vancouver, Canada, in the North America region.
How does Netcoins make money?
Three revenue lines are on record. Trading Fees are the primary driver. The others are staking Rewards and crypto Lending.
Who are Netcoins's main competitors?
Direct peers on record are Bitbuy, NDAX (National Digital Asset Exchange), Wealthsimple Crypto, Shakepay and Coinberry. Broad incumbents are Kraken, Coinbase, Crypto.com and Gemini. BitGo is listed as an others.
Does Netcoins have an API?
Yes. Netcoins offers an API Trading product for programmatic access to the platform's trading capabilities. This enables developers and institutions to build automated trading systems and integrate with Netcoins' trading infrastructure.
What industry is Netcoins in?
Netcoins's product category is Cryptocurrency Exchange. Its primary akta.pro industry code is FSAFANAO, Digital Asset/Crypto Trade Execution Platforms, with a secondary code of FSAPADAF, Prime Brokerage & Institutional Trading Services. Its NAICS code is 5232 and its SIC code is 6200.