Coinberry
Coinberry is a FINTRAC-registered Canadian cryptocurrency trading platform founded in 2017 in Toronto, offering retail crypto trading with 0% withdrawal and funding fees. Privately held with 51–100 employees under CEO and co-founder Andrei Poliakov.
- Company typePrivate
- Founded2016
- HeadquartersToronto, Canada
- Headcount51–100
- GTM typeB2C
- OfferingServices
What Coinberry does
Coinberry is a privately held Canadian cryptocurrency trading platform headquartered in Toronto and founded in 2017. The company is registered with FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) as a money services business, positioning it within the federally regulated Canadian digital-asset perimeter and enabling fiat-to-crypto on-ramp activity for retail customers. Coinberry differentiates primarily on cost structure, offering 0% withdrawal and funding fees — a pricing model that removes friction at the funding stage and contrasts with peers that monetize deposit and withdrawal activity. The organization operates at a mid-stage scale of 51–100 employees and is led by CEO and co-founder Andrei Poliakov.
The company's underlying business model is a retail-focused crypto exchange: it generates revenue on transactions while absorbing the cost of funding and withdrawal rails, implying monetization through trading spreads, staking services, or ancillary fee streams rather than at the deposit/withdrawal layer. The platform targets Canadian retail crypto traders, and its value proposition rests on regulatory standing (FINTRAC registration), a transparent zero-fee funding model, and a multi-year operating history since 2017. Detailed product architecture (trading engine, custody model, supported assets, fee tiers, OTC capabilities) is not disclosed in the available input data, which is a meaningful limitation for assessing technical depth or product breadth relative to Canadian peers such as Bitbuy (WonderFi/Robinhood), NDAX, or Kraken Canada.
Coinberry firmographics
Firmographics- Name
- Coinberry
- Legal name
- Coinsquare Capital Markets Ltd
- Website
- https://coinberry.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Acquired
- Headcount range
- 51–100 employees
- Short description
- Coinberry is a FINTRAC-registered Canadian cryptocurrency trading platform founded in 2017 in Toronto, offering retail crypto trading with 0% withdrawal and funding fees. Privately held with 51–100 employees under CEO and co-founder Andrei Poliakov.
- Ownership category
- akta.pro rank
Where Coinberry is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Coinberry business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Trading Commission / Transaction Fees: Bitbuy charges transparent fees on cryptocurrency trades, with the fee structure available on their website. The platform provides best execution for trades backed by a transparent fee structure.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Express Trade - Beginner-friendly trading |
| Transaction based/ take rate | Pay-as-you-go | Pro Trade - Advanced trading |
| Transaction based/ take rate | Pay-as-you-go | Alpha OTC - Large trades |
| Transaction based/ take rate | Pay-as-you-go | Staking Rewards |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
Coinberry product offering
Product offeringCore offering
Coinberry is a FINTRAC-registered Canadian cryptocurrency trading platform that enables individual users to buy, sell, and trade cryptocurrencies. The platform differentiates itself with 0% withdrawal and funding fees and positions itself as the fastest growing crypto trading platform in Canada.
Product overview
Bitbuy is a Canadian cryptocurrency exchange platform offering a multi-tiered product portfolio. The core offering consists of Express Trade for beginner-friendly quick trading and Pro Trade for advanced charting and execution. Supporting modules include Staking (up to 12.77% rewards), Alpha OTC (for trades $20,000+), and Corporate Solutions for business accounts. A Mobile App provides on-the-go access. The platform supports 50+ cryptocurrencies including Bitcoin, Ethereum, USDC, Cardano, XRP, Solana, Dogecoin, and others. Users can fund accounts via Interac e-Transfer or bank wire with minimum trades starting at $10.
Differentiator
Problem solved
Functional benefit
Products and services
- Cryptocurrency Trading Platform
Quantifiable outcome
- Trusted by 900,000+ Canadians
- +4 more outcomes
Companies that use Coinberry
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles1 record
Coinberry technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature5 records
Coinberry partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- WonderFicoreWonderFi is the parent company of Bitbuy following acquisition. Bitbuy is now part of Robinhood, with WonderFi serving as the operating parent company. WonderFi is a Canadian technology company focused on digital assets and cryptocurrency.
Scale indicators5 records
Recent moves4 records
Expansion highlights4 records
Coinberry competitors and assessment
Company assessmentBroad incumbents
- Binance: Largest global crypto exchange by volume; exited Ontario in 2024 under regulatory pressure. Operates as a broad incumbent competing for Canadian users outside Ontario and is a structural competitor shaping Canadian fee/feature benchmarks.
- Coinbase: Largest US-based publicly listed crypto exchange, serving retail and institutional clients globally including Canada. Competes with Coinberry for Canadian users seeking a broad crypto catalog and listed-asset credibility.
- Kraken: Global crypto exchange serving retail and institutional clients in Canada and internationally. Competes with Coinberry for advanced Canadian traders with a wider product set and deeper liquidity.
- Crypto.com: Global crypto platform with exchange, card, and DeFi services. Competes with Coinberry for Canadian retail users via its mobile app and Visa card programs.
Direct peers
- Shakepay: Canadian mobile-first crypto exchange focused on Bitcoin and Ethereum with strong retail brand recognition. Directly competes with Coinberry for cost-sensitive Canadian retail users.
- Wealthsimple Crypto: Canadian multi-asset trading platform (backed by Power Corporation) offering crypto alongside stocks, ETFs, and savings. Directly competes with Coinberry for retail Canadians seeking crypto within a broader wealth platform.
- Bitbuy: One of Canada's oldest crypto exchanges (founded 2016), now owned by Robinhood via WonderFi. Directly competes with Coinberry for Canadian retail and OTC crypto traders, offering Express/Pro Trade, staking, and Corporate Solutions.
- NDAX: Canadian crypto exchange serving retail and institutional clients with CAD funding, advanced trading tools, and staking. Directly competes with Coinberry across the Canadian crypto trading spectrum.
- Coinsquare: Canadian crypto exchange and parent of Coinsquare Capital Markets Ltd (which operates Bitbuy post-WonderFi merger). Competes with Coinberry in Canadian retail and institutional crypto markets.
- Netcoins: Canadian crypto exchange (part of BIGG Digital Assets) offering retail trading and OTC services. Directly competes with Coinberry in the Canadian retail crypto segment.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks4 records
Key highlights4 records
Customer concentration
Coinberry social profiles
Digital presenceCoinberry compliance and trust
Trust signalCompliance3 records
Coinberry financial estimates
Financial estimateRevenue estimate
Valuation estimate
Coinberry leadership team
Management profileNumber of profiles
Profiles1 record
Coinberry funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Coinberry 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 Coinberry
What does Coinberry do?
Coinberry is a FINTRAC-registered Canadian cryptocurrency trading platform that enables individual users to buy, sell, and trade cryptocurrencies. The platform differentiates itself with 0% withdrawal and funding fees and positions itself as the fastest growing crypto trading platform in Canada.
Is Coinberry a public or private company?
Coinberry is a private company. It is classified as unknown and is currently acquired.
When was Coinberry founded?
Coinberry was founded in 2016. It employs 51 to 100 people.
Where is Coinberry based?
Coinberry is headquartered in Toronto, Canada, in the North America region.
How does Coinberry make money?
One revenue line is on record: trading Commission / Transaction Fees.
Who are Coinberry's main competitors?
Broad incumbents on record are Binance, Coinbase, Kraken and Crypto.com. Direct peers are Shakepay, Wealthsimple Crypto, Bitbuy, NDAX, Coinsquare and Netcoins.
Does Coinberry have an API?
No public API is recorded for Coinberry.