★ Company Profile
Newton claims to be a cryptocurrency trading platform, the full name of Newton Crypto Ltd., founded in 2018 and headquartered in Toronto, Ontario, Canada. The registered capital information is not disclosed in the public data. Newton is controlled by BIGG Digital Assets Inc. (listed on the Canadian Securities Exchange under the symbol CSE: BIGG, OTC: BBKCF, FSE: A2PS9W) and is focused on providing low-cost cryptocurrency buying and selling services to Canadian and U.S. customers.
★Regulatory Information
Canada: Registered as a Money Services Business (MSB) of the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), licensed with M15560893 number covering foreign exchange trading, fund transmission and virtual currency trading. Newton is also registered as a Restricted Dealer with the Canadian Securities Administrators Association (CSA) and the British Columbia Securities Commission (BCSC) and complies with the securities regulations of all Canadian provinces and territories (Yukon, Nunavut, Northwest Territories).
★ Trading Products
Newton offers the following cryptocurrency-related products:
Cryptocurrency trading: supports more than 60 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), Cardano (ADA), Tether (USDT), USDC, Lido DAO (LDO), etc. Users can trade through instant orders (market execution) or limit orders (execution at a specified price).
Crypto staking: Support for Ethereum (ETH), Solana (SOL), and Cosmos (ATOM) staking (locking assets to validate blockchain transactions and earn rewards), and a zero-fee staking service will be launched in 2023.
Stablecoin trading pairs: In 2023, USDT/CAD, USDC/CAD, and DAI/CAD trading pairs will be added to enhance the liquidity of fiat currencies and stablecoins (cryptocurrencies pegged to the US dollar that maintain a 1:1 exchange ratio). As of February 25, 2025, the platform reported that the Bitcoin price broke above C$97,608 ($72,393), reflecting high trading activity. Trading products are executed through centralized exchanges, emphasizing low spreads (bid-ask price spreads).
★ Trading software
Platform support: Newton offers a web-based trading platform, as well as mobile apps for iOS and Android with a simple user interface and easy to use.
★ Deposit and withdrawal methods
Newton supports a variety of deposit and withdrawal methods:
Fiat Deposits: Deposit Canadian Dollars (CAD) or US Dollars (USD) via Interac e-Transfer, bank wire transfer, and credit/debit card (Visa, Mastercard) with no deposit fees, starting at $10 CAD/USD.
Cryptocurrency deposits: Support more than 60 cryptocurrencies (such as BTC, ETH, LDO) to transfer to Newton account, no deposit fees, need to use the designated network (e.g. LDO only supports ERC-20).
Fiat withdrawals: Free withdrawals in CAD or USD via Interac e-Transfer or bank wire transfer, starting at $10 CAD/USD.
Cryptocurrency withdrawals: Transfers to external wallets are supported, and fees fluctuate according to the blockchain network (e.g. Ethereum gas fees). As of March 20, 2025, user feedback indicates that the deposit and withdrawal process is fast, with Interac e-Transfer usually completing in minutes, but initial KYC verification can take 1-2 days.
★ Customer support and empowerment
Newton offers multi-channel customer support:
Live support: 7 days/week via live chat, email, and phone, optimized response times in 2023, typically within minutes.
Help Center: Account Management, Trading, Staking, and Troubleshooting Guides, updated in 2023.
Community Engagement: Answering user inquiries via LinkedIn (3,987 followers, March 2025) and Twitter (@Newton_Crypto, active 2023), with the launch of the Newton Social Beta in 2024 to enhance user discussions. On February 25, 2025, App Store user feedback showed that the app rated around 4 stars, with some users reporting occasional crashes, but the support team was quick to respond. Support is predominantly in English, with no multilingual support or specific satisfaction data disclosed.
★ Core Business & Services
Newton's core business is cryptocurrency trading and related services, mainly including:
Retail trading: providing individual investors with more than 60 cryptocurrencies to buy and sell, starting from 10 CAD/USD, suitable for beginners, with significant growth in trading volume in 2023.
Over-the-Counter (OTC): Offering institutional clients and high-net-worth individuals large transactions (minimum $25,000) with custom pricing and fast settlement, with the addition of a dedicated OTC counter in 2023.
Staking service: Allows users to stake ETH, SOL, and ATOM, and will launch zero-fee staking in 2023, with rewards deposited directly into the account.
Virtual Bitcoin ATM: Partnering with retail stores to offer Bitcoin purchase services through devices such as tablets, Newton manages inventory and compliance, and retailers earn a share, widely deployed in Canada in 2023. The service targets include retail customers (individual investors), institutions (corporates, funds) and retailers. The operating model generates revenue through trading spreads, OTC shares and ATM shares. In 2023, a new stablecoin trading pair will be added to the platform to enhance the liquidity of fiat and cryptocurrency.
★ Technical Basics
Newton's technical infrastructure is based on centralized systems and blockchain technology:
trading engine: supports instant and limit orders for more than 60 cryptocurrencies, optimizes the matching speed in 2023, and integrates APIs to provide institutional liquidity.
Asset custody: Cold storage (storing assets offline for added security) and hot wallet services through Fireblocks and BitGo, with new insurance coverage added in 2023.
KYC system: Deploy an automated verification process in 2023 to verify identity through third-party data sources such as TransUnion.
Blockchain Analytics: Monitor transactions with BitRank and QLUE (BIGG Digital Assets' blockchain forensics tools) for enhanced anti-money laundering detection in 2023. The platform is hosted on a secure cloud server and is PCI DSS (Payment Card Industry Data Security Standard) compliant, with no reported hacking incidents in 2023. In 2024, Newton Social Beta will integrate news and user discussion features through a mobile API. No specific server specifications or technical details were disclosed.
★ Compliance and risk control system
Newton's compliance and risk control system is based on multiple regulatory requirements:
KYC/AML: all users are required to submit identification, address and personal information, and in 2023 it will be shortened by automatic verification to comply with FINTRAC (MSB number M15560893) and FinCEN standards.
Transaction monitoring: Detect abnormal transactions in real-time through BitRank and QLUE, optimize algorithms in 2023, and reduce the risk of money laundering and fraud.
Asset security: Fireblocks and BitGo offer multi-signature wallets (which require multi-party authorization for added security) and insurance protection, with no reported asset losses in 2023.
Regulatory compliance: Complying with CSA, BCSC and FinCEN regulations, a temporary waiver was granted on October 6, 2023 to allow continued operations until October 2024. In 2023, Newton passed a third-party compliance audit to ensure platform transparency. Strict KYC requirements may lead to delays in initial verification, but enhance the security of user funds.
★ Social Responsibility andESG
Newton's social responsibility information is limited:
Financial Inclusion: Promoting cryptocurrency adoption with low barriers (from $10) and user-friendly platforms in 2023, and supporting small and medium-sized retailers in Canada (virtual ATMs) in 2023.
Transparent Governance: As a subsidiary of BIGG Digital Assets, it follows the disclosure requirements of listed companies and publishes regular financial reports (CSE: BIGG) in 2023.
Community support: Sponsor the Blockchain Futurist Conference (Toronto, August 15-16) 2023 to promote blockchain education. Failure to disclose specific environmental and social governance (ESG) initiatives, such as carbon emissions data or public welfare projects. In 2023, Newton indirectly supports the development of small businesses through local retailer partnerships.
★ Financial health
Newton's financial data disclosure is limited, as a subsidiary of BIGG Digital Assets, and some information is reported through the parent company:
2020: Wholly owned acquisition by BIGG Digital Assets, transaction amount is not disclosed.
2023: The cumulative trading volume will exceed C$2 billion, and new stablecoin trading pairs will be added in 2023, and the revenue will mainly come from trading spreads and OTC shares.
2024: BIGG Digital Assets' annual report (March 2024) shows Newton as the main source of revenue, the exact amount is not disclosed. As of March 2025, Newton is debt-free and has a solid operation, attracting user growth in 2023 through a low-cost model (no deposit/withdrawal fees).
★ Strategic cooperation ecology
Newton has partnered with
Fireblocks and BitGo: 2023 to provide asset custody and insurance, enhancing security measures.
Zero Hash LLC: Offering trading and custody services to US clients in 2023, covering licensed jurisdictions.
WalPay: Supports credit and debit card payments in 2023 and is PCI DSS compliant.
The Graph: Optimize on-chain data queries in 2023 to improve transaction transparency.
Blockchain Futurist Conference: Sponsored in August 2023 with discount codes (NEWTON30) to enhance brand exposure. In 2023, parent company BIGG Digital Assets supported Newton's compliance with BitRank and QLUE (blockchain forensics tools).
★ Roadmap for the future
Newton plans to expand
into theEuropean market in 2024 with the goal of offering euro trading, and in 2023 it has expanded its trading in the United States dollars.
Product enhancements: In Q3 2024, more staking assets (such as Cardano and Polkadot) are planned, and LDO trading pairs will be added in early 2024.
Technology upgrades: In 2024, the API will be optimized, the liquidity integration of institutional customers will be enhanced, and the Newton Social function will be expanded in 2024.
Compliance process: Completed the registration of CSA investment dealers by October 2024 to consolidate its regulatory position, and obtained a temporary exemption on October 6, 2023. Implementation may be subject to market volatility and regulatory approvals.
