Ndax Canada

Ndax Canada

Regulated Canadian cryptocurrency exchange and OTC

Overview

NDAX Canada is a regulated cryptocurrency exchange serving retail and institutional clients in Canada. It supports 60+ cryptocurrencies, a user-friendly trading interface with features like auto-invest and staking, and an OTC desk (NDAX Wealth) plus a white-label platform for large trades and businesses. Security is core, with offline multi-signature cold storage via Ledger Vault, segregated Canadian trust accounts for client funds, MPC-based hot wallets, and mandatory two-factor authentication, all backed by FINTRAC MSB registration, AMF registration, CIRO as an Investment Dealer and ATS, and SOC 2 Type II. The goal is to be the trusted gateway for Canadians to access digital assets by combining strong security and regulatory compliance with access to both retail trading and institutional crypto services, and by integrating crypto with the traditional banking system.

Significant Headcount Growth

About Ndax Canada

Simplify's Rating
Why Ndax Canada is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Fintech

Crypto & Web3

Financial Services

Company Size

1-10

Company Stage

N/A

Total Funding

N/A

Headquarters

Calgary, Canada

Founded

2017

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Simplify's Take

What believers are saying

  • Ndax's staking page on Aug. 4, 2026 advertised 18 assets and up to 13% APY.
  • KOHO's July 21, 2026 help center confirms Ndax powers in-app trading for 2.5 million users.
  • The B.C. Supreme Court dismissed a NDAX negligence claim in October 2025.

What critics are saying

  • OSC relief expires Dec. 19, 2026, forcing renegotiation of Ndax's crypto-contract model.
  • CIRO and OSC rules cap many clients at $30,000 or $100,000 yearly crypto purchases.
  • Embedded partners like KOHO own customer relationships, squeezing Ndax into infrastructure margins.

What makes Ndax Canada unique

  • Ndax's CIRO dealer and ATS status distinguishes it from retail-only Canadian crypto apps.
  • KOHO launched crypto trading on Apr. 29, 2026, powered by Ndax infrastructure.
  • Ndax offers 18 stakable assets and OTC wealth services, unlike simpler exchanges.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Disability Insurance

Life Insurance

Paid Time Off

Professional Development Budget

Stock Options

Company Equity

Performance Bonus

Gym Membership

Remote Work Options

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