How many total Cryptocurrencies companies are there in Canada?

As of September 2026, Canada has 668 active Cryptocurrencies companies.

How many Cryptocurrencies companies in Canada are funded?

As of September 2026, 239 companies have received funding in this sector.

What is the total funding raised by Cryptocurrencies companies in Canada?

Cryptocurrencies companies in Canada have collectively raised $4.57B in funding till date.

Which is the highest funded Cryptocurrencies company in Canada?

As of September 2026, Wealthsimple has raised $1.29B in funding, highest among the funded Cryptocurrencies companies in Canada.

How many Cryptocurrencies unicorns are there in Canada?

Canada has produced 2 unicorns in the Cryptocurrencies sector till date.

List of 1,030 Cryptocurrencies Startups in Canada & Market Trends (Sep 2026)

Q: Who are the top investors in Cryptocurrencies companies in Canada?

The top investors in Cryptocurrencies companies in Canada by number of investments are Plug and Play Tech Center and White Star Capital.

The Cryptocurrencies sector in Canada comprises 1.03K companies, including 239 funded companies having collectively raised $4.57B 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 38 acquisitions and 30 IPOs. This represents almost 6.6% of all such companies - which is higher than the 4.0% 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.

Key Metrics

Total Companies

1.03K

Top Companies

Wealthsimple, Blockstream & more

Total Funding

$4.57B

Funded Companies

239

Series A+ Companies

Series C+ Companies

Unicorns Created

IPOs

Acquisitions

Also known as

Crypto Assets or Virtual Currencies

View complete details of this sector

There are 1,030 Cryptocurrencies startups in Canada which include Wealthsimple, Blockstream, 3Commas, Shakepay, Polymath. Out of these, 239 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 78 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.

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: $1.29B
Investors: Power financial, Meritech and 39 Others
Latest Funding Round: Series F, Oct 27, 2025, $*****
Tracxn Score: 77/100 What is this?
Competitors Rank: 20 of 3,984 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 315 Competitors

View full list of companies in this sector

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: 74/100 What is this?
Competitors Rank: 1 of 795 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: 68/100 What is this?
Competitors Rank: 3 of 107 Competitors

5. Polymath

The Polymath network provides a platform that lets users issue tokens on blockchain that have properties similar to financial securities. The platform aims to assist in creating of tokens, fundraising for projects, secondary market trading of the tokens, and more while complying with regulations.

Key facts about Polymath

Founded Year: 2017
Location: Toronto (Canada)
Stage: Funding Raised
Investors: Bauhaus Group, Yasar Corporation and 8 Others
Latest Funding Round: Grant (prize money), Sep 01, 2021, $*****
Tracxn Score: 64/100 What is this?
Competitors Rank: 2 of 144 Competitors

Access the full list of 1,030 Cryptocurrencies Startups in Canada

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. 165 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	90
2024	21
2023	33
2022	72
2021	95
2020	68
2019	111
2018	165
2017	113

Stage-wise distribution of Cryptocurrencies sector companies in Canada

Out of the total 1,030 Cryptocurrencies companies in Canada, 239 have secured funding. Among them, 94 have reached Series A or higher, and 79 to Series B or beyond.

Founded - 1,030

Funded - 239

Series A+ - 94

Series B+ - 79

Series C+ - 73

Company Stage	No. of companies
Founded	1,030
Funded	239
Series A+	94
Series B+	79
Series C+	73

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Total funding year-on-year in the Cryptocurrencies sector in Canada

The Cryptocurrencies sector in Canada saw a total funding of more than $4.46B in the last 10 years. The most amount of funding was in 2021 at more than $1.84B. There has been a total funding of $4.12M in 2026 till date.

Total Funding

Year	Total Funding
2026	$4.12M
2025	$1.08B
2024	$315M
2023	$225M
2022	$162M
2021	$1.84B
2020	$108M
2019	$135M
2018	$331M
2017	$254M

Recent Funding Rounds in Cryptocurrencies in Canada

In the year 2026, till July 2026, Cryptocurrencies companies in Canada have raised $1.5M in equity funding across 2 rounds. In the same period last year (i.e. till June 2025), Cryptocurrencies companies in Canada had raised $2.54M across 4 rounds. So, 2026 has seen a 40.98% 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
MeetAmi Innovations	Series A	4474	Jul 16, 2026	DMG
Polysights	Seed	8196	Jun 25, 2026	YZi Labs and 3 more
True North	Seed	7891	Dec 04, 2025	CyberFund and 4 more
Ledn	Series B	5662	Nov 18, 2025	Tether
Loon	Seed	7918	Oct 27, 2025	Version One Ventures and 2 more

See a more detailed list of funding rounds

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
Plug and Play Tech Center	Sunnyvale (United States)	DMG, The Open Application Network, Bex.io and CryptoOptima
White Star Capital	New York City (United States)	Ledn, Thala Labs and Oamo
TrustVC	Shanghai (China)	-
Contango	Toronto (Canada)	BeamSwap
Quadrilium Ventures	Montreal (Canada)	-

See a more detailed list of investors

In the year 2026, till March 2026, 1 acquisition 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
Cathedra	Business Acquisition	Mar 05, 2026	Sphere 3D
WonderFi	Business Acquisition	May 13, 2025	Robinhood
Tetra	Business Acquisition	Apr 11, 2025	Urbana Corporation
KeyFi	Business Acquisition	Mar 05, 2025	One Click Crypto
SonicStrategy	Business Acquisition	Feb 03, 2025	Spetz

See a more detailed list of acquisitions

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	1
2025	4
2024	1
2023	5
2022	5
2021	10
2020	2
2019	2
2018	7
2017	2

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
TenX	Dec 10, 2025	Toronto Stock Exchange - Venture Exchange (TSX-V)
NextGen Digital Platforms	Feb 13, 2025	OTC Markets (OTCMKTS)
Matador	Dec 16, 2024	Toronto Stock Exchange - Venture Exchange (TSX-V)
BIGG Digital Assets	Sep 17, 2024	Toronto Stock Exchange - Venture Exchange (TSX-V)
SPIRIT Blockchain	Mar 01, 2024	Frankfurt Stock Exchange (FRA)

See a more detailed list of IPOs

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	$1.29B
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