Newton is a Canadian cryptocurrency exchange founded in 2018, positioning itself as Canada's "zero-commission" crypto trading platform. FINTRAC-registered and headquartered in Toronto, Newton offers Canadian investors CAD fiat access via Interac e-Transfer, 80+ cryptocurrencies, and a spread-based pricing model marketed as commission-free trading. Newton has grown rapidly among Canadian retail investors seeking a modern, mobile-first crypto investment experience.
About Newton
Founded in 2018 by Dustin Walper and Erynn Devereaux in Toronto, Newton launched with the mission of making crypto investing as simple and affordable as buying stocks through discount brokerages. The exchange's "no commission" marketing resonated strongly with Canadian retail investors familiar with commission-free equity platforms like Wealthsimple, driving rapid user growth. Newton is FINTRAC-registered as a Money Services Business and focuses on the Canadian market exclusively.
Key Facts
| Item | Details |
|---|---|
| Founded | 2018 |
| HQ | Toronto, Ontario, Canada |
| Regulation | FINTRAC MSB registered |
| Listed Coins | 80+ |
| Fiat | CAD (Interac e-Transfer) |
| Commission | Zero (spread-based) |
| Spread | ~0.5–1% built into price |
Key Features
Zero-Commission Trading
Newton advertises "zero commission" trading — meaning there are no explicit per-trade fees. However, Newton's revenue model relies on the spread (difference between buy and sell price), which is built into the quoted price. For typical retail trade sizes, Newton's effective cost is comparable to other Canadian exchanges.
Interac e-Transfer Integration
Newton supports instant CAD funding via Interac e-Transfer, allowing Canadian bank account holders to fund their accounts immediately and start trading crypto within minutes of registration.
80+ Cryptocurrencies
Newton lists over 80 cryptocurrencies in CAD trading pairs, covering Bitcoin, Ethereum, and a solid selection of major altcoins — sufficient for mainstream Canadian retail investors seeking diversified crypto exposure.
Fee Structure
| Service | Fee |
|---|---|
| Trading commission | Zero (spread included in price) |
| Spread | ~0.5–1% per trade |
| Interac deposit | Free |
| CAD withdrawal | Free |
| Crypto withdrawal | Network fee |
Pros & Cons
Pros
- Zero explicit commission fees
- FINTRAC registered
- Interac e-Transfer deposits
- 80+ coins
- Modern, beginner-friendly interface
Cons
- Spread-based pricing less transparent
- No advanced trading (order book, charting)
- Effective cost ~0.5–1% per trade via spread
- Canada-only
Summary
Newton is Canada's most accessible crypto investment platform for mainstream retail investors, combining zero-commission marketing with Interac e-Transfer convenience and FINTRAC compliance. While its spread-based pricing means investors do pay implicit costs, the transparent interface and Canadian focus make Newton an excellent starting point for Canadian investors new to crypto. Active traders seeking order book access or lower effective costs should consider NDAX instead.