Crypto platform
Coinsquare Review: Registered Crypto Platform in Canada?
By ForexCanada Editorial Team · Updated
Canada check
Coinsquare's dealer is a CIRO member and an authorized crypto trading platform. Authorized by Canadian securities regulators as a crypto asset trading platform. CIPF does not cover crypto assets, so review how the platform holds client crypto (custodians, insurance and cold-storage disclosures).
- Canadian status
- CSA-authorized crypto platform
- Canadian entity
- Coinsquare Capital Markets Ltd.
- CIPF coverage
- No
- OBSI complaints
- No Canadian ombudsman access
- Accepts Canadians
- Accepts Canadian residents
- Licences abroad
- —
- Founded
- 2014
- Headquarters
- Toronto, ON
- Ownership
- WonderFi Technologies
Our take on Coinsquare
Coinsquare is a Toronto-based platform and one of the first crypto trading platforms in Canada to operate as a CIRO investment dealer member. It focuses on a curated list of major coins with CAD funding. Read its current fee and custody disclosures before signing up.
Coinsquare's CIRO membership means its dealer is subject to the same investment-industry regulator as Canada's brokerages, a notable step for a crypto platform. That doesn't extend CIPF coverage to crypto assets. Under WonderFi, Coinsquare shares a parent with Bitbuy and Coinberry, so compare the three platforms' current pricing and features.
Verdict
Regulated and Canadian, but compare spreads with Kraken and Bitbuy Pro.
What we like
- +CIRO dealer member
- +Canadian company with CAD funding
Watch out for
- −Spread pricing can be costly
- −Smaller asset list
- −CIPF does not cover crypto
How Coinsquare scores
Canadian protection carries 40% of the weight, so an unregistered firm can't outrank a registered one on price alone. See the full methodology.
Accounts, markets & platforms
- Platforms
- Mobile app, Proprietary web
- Markets
- Crypto
- Pricing
- Spread-based pricing
- CAD / USD accounts
- ✓ CAD | — USD
- Funding
- Interac e-Transfer, Wire transfer
- Demo account
- Not advertised
Figures are taken from the broker's own disclosures at our last review (2026-09) and change often — always confirm on the broker's website. Spot an error? Tell us.
Verify Coinsquare yourself
- Check the CSA list of authorized crypto trading platforms for Coinsquare Capital Markets Ltd..
- Search the legal entity name in the CSA National Registration Search and check it is registered in your province.
- Search the CSA investor alerts for the brand name and any look-alike websites.
- Make sure the account agreement you sign names the same legal entity — not an offshore affiliate.
Coinsquare: frequently asked questions
Is Coinsquare legal in Canada?
Yes. Coinsquare Capital Markets Ltd. appears on the Canadian Securities Administrators' list of crypto trading platforms authorized to do business with Canadians. That means it has agreed to Canadian custody, disclosure and investor-protection requirements. CIPF coverage does not apply to crypto assets.
Canadian trader reviews
Reviews are submitted by readers and moderated by our editors for relevance and abuse. They are opinions, not verified facts, and never affect our score.
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