About Cryptocurrencies sector in Canada
The Cryptocurrencies sector in Canada comprises 1.05K companies, including 238 funded companies having collectively raised $4.54B in venture capital money and private equity. Out of these, 94 are Series A+ funded, and 2 have achieved unicorn status.
Cryptocurrencies sector in Canada has seen 39 acquisitions and 29 IPOs. This represents almost 6.5% of all such companies - which is higher than the 3.8% exit rate of tech companies in general.
This sector includes all companies that provide bitcoin and other digital currency products and services.
Cryptocurrencies sector is also known as Crypto Assets, Virtual Currencies, Crypto Tokens, Decentralized Currencies, Crypto Fintech or crypto.
Companies enabling circulation of Bitcoin/ Cryptocurrency. They help in mining, trading, investments, transfer, save or spend (payments) Bitcoins are included in this sector. Excludes bitcoin faucets or websites that enable bitcoin circulation without being registered or do not plan to register as companies in near future.
Top Cryptocurrencies Companies in Canada
There are 1,051 Cryptocurrencies startups in Canada which include Wealthsimple, Blockstream, 3Commas, Shakepay, Ledn. Out of these, 238 startups are funded, with 94 having secured Series A+ funding, and 2 achieving unicorn status.
2026 has seen the creation of 13 Cryptocurrencies startups in Canada. Over the past 10 years, an average of 79 new companies have been launched annually. Notably, several of these startups have been founded by alumni of University of Toronto, University of Waterloo and McGill University.
Here is the list of top Cryptocurrencies startups in Canada
1. Wealthsimple
Provider of financial services including investing, trading, saving, and borrowing. The company offers chequing accounts, credit cards, and savings accounts. It provides self-directed investing in stocks, ETFs, options, margin, gold, and crypto. Wealth management services include portfolios, direct indexing, and income portfolios. Mortgages and tax filing services are also available.
Key facts about Wealthsimple
- Founded Year: 2014
- Location: Toronto (Canada)
- Stage: Series F
- Total Funding till date: $1.51B
- Investors: Power financial, GIC and 40 Others
- Latest Funding Round: Series F, Oct 28, 2026, $*****
- Tracxn Score: 79/100 What is this?
- Competitors Rank: 17 of 4,081 Competitors
2. Blockstream
Developer of cryptocurrency infrastructure software and open source hardware wallets. Systems built for the bitcoin network include non custodial applications, security technology, and decentralized financial tools. These products facilitate peer to peer transactions and address scaling requirements through satellite transmissions and sidechain implementations. Hardware security devices assist individuals with self custody management. The architecture aims to reduce reliance on third party financial institutions by utilizing cryptographic proof and distributed systems protocols.
Key facts about Blockstream
- Founded Year: 2014
- Location: Montreal (Canada)
- Stage: Series C
- Total Funding till date: $651M
- Investors: Baillie Gifford, Real Ventures and 46 Others
- Latest Funding Round: Series C, Oct 15, 2024, $*****
- Tracxn Score: 76/100 What is this?
- Competitors Rank: 2 of 318 Competitors
3. 3Commas
Trading bots for cryptocurrency trading. It offers solutions such as a platform to trade automatically with long & short bots, crypto signals for insights on crypto investments, crypto exchange, and more. Its features are customized trading strategies, trading indicators, and more.
Key facts about 3Commas
- Founded Year: 2017
- Location: Vancouver (Canada)
- Stage: Series B
- Total Funding till date: $40M
- Investors: Alameda Research, Target Global and 3 Others
- Latest Funding Round: Series B, Sep 22, 2022, $*****
- Tracxn Score: 70/100 What is this?
- Competitors Rank: 1 of 830 Competitors
4. Shakepay
App-based exchange platform for cryptocurrency. It allows users to buy and sell cryptocurrency including Bitcoins and Ethereum. Users can buy cryptocurrencies through e-transfer from a bank account. Its app is available for both Android and IOS devices.
Key facts about Shakepay
- Founded Year: 2015
- Location: Montreal (Canada)
- Stage: Series A
- Total Funding till date: $35M
- Investors: QED Investors, Boost VC and 11 Others
- Latest Funding Round: Series A, Dec 22, 2021, $*****
- Tracxn Score: 65/100 What is this?
- Competitors Rank: 3 of 110 Competitors
5. Ledn
Ledn is a blockchain-based &crypto-backed lending platform. Offers loans secured by Bitcoin. Provides a segregated wallet address allowing for real-time proof of reserves on-chain. Allows users to repay the loan in Dollars and Bitcoin. Uses the Coindesk Bitcoin price index to determine loan-to-value ratios for Ledn loans.
Key facts about Ledn
- Founded Year: 2018
- Location: Toronto (Canada)
- Stage: Series B
- Total Funding till date: $104M
- Investors: 10T, Kingsway Capital and 26 Others
- Latest Funding Round: Series B, Nov 18, 2025, $*****
- Tracxn Score: 64/100 What is this?
Companies founded year-on-year in the Cryptocurrencies sector in Canada
13 new startups have been founded so far in 2026 in the Cryptocurrencies sector in Canada. 166 Cryptocurrencies startups in Canada were founded in 2018 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 13 |
2025 | 91 |
2024 | 28 |
2023 | 34 |
2022 | 72 |
2021 | 97 |
2020 | 68 |
2019 | 111 |
2018 | 166 |
2017 | 113 |
Stage-wise distribution of Cryptocurrencies sector companies in Canada
Out of the total 1,051 Cryptocurrencies companies in Canada, 238 have secured funding. Among them, 94 have reached Series A or higher, and 79 to Series B or beyond.
Founded - 1,051
Funded - 238
Series A+ - 94
Series B+ - 79
Series C+ - 73
Company Stage | No. of companies |
|---|---|
Founded | 1,051 |
Funded | 238 |
Series A+ | 94 |
Series B+ | 79 |
Series C+ | 73 |
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Funding Trends in the Cryptocurrencies sector in Canada
Total funding year-on-year in the Cryptocurrencies sector in Canada
The Cryptocurrencies sector in Canada saw a total funding of more than $4.42B in the last 10 years. The most amount of funding was in 2021 at more than $1.71B. There has been a total funding of $216M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $216M |
2025 | $1.08B |
2024 | $315M |
2023 | $225M |
2022 | $162M |
2021 | $1.71B |
2020 | $108M |
2019 | $135M |
2018 | $331M |
2017 | $140M |
Recent Funding Rounds in Cryptocurrencies in Canada
In the year 2026, till October 2026, Cryptocurrencies companies in Canada have raised $214M in equity funding across 3 rounds.
In the same period last year (i.e. till October 2025), Cryptocurrencies companies in Canada had raised $410M across 10 rounds.
So, 2026 has seen a 47.98% drop in funding in Cryptocurrencies companies in Canada as compared to 2025.
Here are some recent, important funding rounds in Cryptocurrencies companies in Canada:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series F | 1513 | Oct 28, 2026 | ||
Series A | 3552 | Jul 16, 2026 | ||
Seed | 2135 | Jun 25, 2026 | ||
Seed | 2990 | Dec 04, 2025 | ||
Series B | 6255 | Nov 18, 2025 |
Top Investors in Cryptocurrencies in Canada
Plug and Play Tech Center is the top investor in Cryptocurrencies companies in Canada based on number of companies invested.
Here are some top investors in Cryptocurrencies companies in Canada:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sunnyvale (United States) | ||
New York City (United States) | ||
Shanghai (China) | - | |
Toronto (Canada) | ||
Toronto (Canada) | - |
M&A activity in Cryptocurrencies sector in Canada
In the year 2026, till October 2026, 2 acquisitions happened in Cryptocurrencies sector in Canada. Last year, in 2025, a total of 4 acquisitions happened in Cryptocurrencies sector in Canada.
Here are some recent, important acquisitions in Cryptocurrencies sector in Canada:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Oct 08, 2026 | ||
Business Acquisition | Mar 05, 2026 | ||
Business Acquisition | May 13, 2025 | ||
Business Acquisition | Apr 11, 2025 | ||
Business Acquisition | Mar 05, 2025 |
Acquisition trends in Cryptocurrencies sector in Canada
Here are the acquisition trends in Cryptocurrencies sector in Canada:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 2 |
2025 | 4 |
2024 | 1 |
2023 | 5 |
2022 | 5 |
2021 | 10 |
2020 | 2 |
2019 | 2 |
2018 | 7 |
2017 | 2 |
IPOs in Cryptocurrencies in Canada
In the year 2025, till December 2025, 2 IPOs happened in Cryptocurrencies sector in Canada.
Here are some recent, important IPOs in Cryptocurrencies sector in Canada:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Dec 10, 2025 | Toronto Stock Exchange - Venture Exchange (TSX-V) | |
Feb 13, 2025 | OTC Markets (OTCMKTS) | |
Dec 16, 2024 | Toronto Stock Exchange - Venture Exchange (TSX-V) | |
Sep 17, 2024 | Toronto Stock Exchange - Venture Exchange (TSX-V) | |
Mar 01, 2024 | Frankfurt Stock Exchange (FRA) |
Colleges which produce the most Cryptocurrencies companies in Canada
Companies founded by alumni from top colleges in the Cryptocurrencies in Canada
Most number of Cryptocurrencies startups in Canada have been founded by alumni from University of Toronto, University of Waterloo and McGill University.
College | No. of companies |
|---|---|
University of Toronto | 14 |
University of Waterloo | 8 |
McGill University | 4 |
Harvard Business School | 3 |
King’s College London | 3 |
Stanford University | 3 |
Columbia University | 2 |
Massachusetts Institute of Technology | 2 |
The University of British Columbia | 2 |
University of Chicago | 2 |
Total funding in Cryptocurrencies companies founded by alumni from top colleges in Canada
In the last 10 years, University of Oxford graduates' Cryptocurrencies companies in Canada have raised the most funding among top colleges. University of Toronto alumni are second, and Ivey School of Business alumni are third.
College | Total Funding |
|---|---|
University of Oxford | $1.51B |
University of Toronto | $248M |
Ivey School of Business | $98.4M |
University of Waterloo | $49.4M |
McGill University | $26.3M |
Columbia University | $18.4M |
Harvard Business School | $6.95M |
University of Pennsylvania | $6.4M |
IIM Bangalore | $3.2M |
IIT Madras | $3.2M |
Top News in Cryptocurrencies in Canada
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DMCC and Tether Sign MoU to Advance Blockchain, Tokenisation and Digital Finance CollaborationAlBawaba•Jun 17, 2026•DMCC, Tether, Ledn, NEURA and 6 others
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Sonic Labs and SonicStrategy Extend DAT Roadmap Amid Shifting Market ConditionsCryptonews•Jan 01, 2026•SonicStrategy, Sonic Labs
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Bitfarms Plans Washington Site Conversion to HPC/AI Workloads,Targeting Dec 2026 CompletionGlobeNewswire•Nov 13, 2025•Bitfarms
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Streamex Corp. Partners with Chainlink to Boost Tokenization InfrastructureGlobeNewswire•Oct 28, 2025•Chainlink, Streamex, Sbidm
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NextGen Signs LOI with Resi Labs to Scale AI Real Estate AccessibilityGlobeNewswire•Oct 28, 2025•Resi, NextGen Digital Platforms
