Newton Crypto

Newton Crypto

No-fee crypto trading with instant funding

About Newton Crypto

Simplify's Rating
Why Newton Crypto is rated
C-
Rated C on Competitive Edge
Rated C on Growth Potential
Rated D+ on Differentiation

Industries

Fintech

Crypto & Web3

Financial Services

Company Size

11-50

Company Stage

Series B

Total Funding

$35M

Headquarters

Toronto, Canada

Founded

2018

Overview

Newton Crypto is a Canadian cryptocurrency brokerage offering a no-fee trading platform for popular digital currencies like Bitcoin, Ethereum, and Litecoin. It earns revenue from the bid-ask spread and from high daily trading volume that supports liquidity, while letting users fund trades instantly up to $10,000 for quick action. The platform emphasizes zero commissions, high liquidity, and competitive pricing to help traders execute trades near market prices. Its goal is to make crypto trading more open, fair, and accessible for Canadians by providing cost-effective access to the market with strong pricing and fast funding.

Significant Headcount Growth
Simplify Jobs

Simplify's Take

What believers are saying

  • Raised $20M Series B in 2022 from DV Chain and CI Financial, valuing at $200M.
  • Added staking for ETH, SOL, ADA with up to 2.2% APY rewards.
  • Integrated Koinly for simplified crypto tax reporting.

What critics are saying

  • Wealthsimple Crypto erodes spreads with zero spreads on BTC/ETH.
  • CSA rejects OSC application by Q2 2026 over capital shortages.
  • Kraken triples churn since March 2024 relaunch with derivatives.

What makes Newton Crypto unique

  • Newton offers zero-commission trading via competitive spreads for Canadians.
  • Provides instant up to $10,000 funds and high liquidity on 70+ cryptos.
  • Partners with Coinbase for institutional-grade cold storage security.

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Funding

Total Funding

$35M

Meets

Industry Average

Funded Over

2 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

$35M
$30M
Patreon
$45M
Linktree
$65M
Substack
$100M
ClickUp

Benefits

Health Insurance

Paid Vacation

Paid Sick Leave

Hybrid Work Options

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

9%

1 year growth

15%

2 year growth

15%
CoinChapter
Nov 15th, 2023
2024 Price Outlook: Comparing Litecoin, GalaxyFox, and Toncoin

A group of developers known as Newton picked up the project and launched the Toncoin blockchain after Telegram abandoned it.

Newton
Dec 6th, 2022
We're changing authentication methods on Newton | Newton Blog

Newton Crypto Ltd. has added support for more authenticator apps, along with security keys and biometric authentication.With this change, all SMS multi-factor authentication (MFA) has been retired (note: current Authy users will be able to use any authenticator app, not just Authy).

Newton
Apr 1st, 2022
Newton Crypto Ltd. partners with Koinly

Newton Crypto Ltd. hope you’ll be thrilled to know Newton Crypto Ltd. has partnered up with Koinly, a simple and easy-to-use cryptocurrency tax tool, to make your calculations simpler.

FinSMEs
Feb 10th, 2022
Newton Closes Us$20M Series B Funding Round

Newton, a Toronto, Canada-based cryptocurrency trading platform, raised US$20M in Series B funding. The round, which brings Newtons valuation to approximately US$200m (CAD$253 million), was led by DV Chain with participation from CI Financial Corp., Singh Capital Partners, Anthony Pompliano, Tiny Capital and Snowdevil Capital. The company intends to use the funds to further develop its technology, platform and infrastructure, attract [] The post Newton Closes US$20M Series B Funding Round appeared first on FinSMEs.

PR Newswire
Feb 9th, 2022
Newton Completes US$20M (CAD$25M) Series B Funding Round

/PRNewswire/ -- Newton Crypto, a low-cost cryptocurrency trading platform for Canadians, today announced that it has completed a US$20 million (CAD$25 million)...

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