NDAX

NDAX (ndax.io) is a Canadian all-in-one cryptocurrency trading and investment platform headquartered in Calgary, Alberta. Founded in 2018, it operates as one of the country's most heavily regulated crypto exchanges — holding Investment Dealer status with the Canadian Investment Regulatory Organization (CIRO), registration across all Canadian provinces and territories, membership in the Canadian Investor Protection Fund (CIPF), and FINTRAC registration. The Alberta Securities Commission serves as its principal regulator under the Canadian Securities Administrators framework.

The platform reached a significant milestone in April 2025 when NDAX became the Official Crypto Trading Platform Partner of the NHL during the 2025 Stanley Cup Playoffs — the first partnership of its kind in the league's history. Alongside the sponsorship, NDAX reported over $17.5 billion in cumulative trading volume and approximately $1 billion in assets under custody as of early 2025.

Trading and Supported Assets

NDAX supports trading in more than 65 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), XRP, Polkadot (DOT), Cosmos (ATOM), and a growing roster of newer assets. Pricing is a flat 0.2% trading fee with a minimum starting position of $1 CAD.

The platform supports a range of order types including limit orders, stop orders, trailing stop orders, and fill-or-kill orders. Charting is powered by TradingView. An Auto-Invest feature enables recurring purchases on a set schedule. Deposits and withdrawals in Canadian dollars are available via Interac e-Transfer, EFT, bank draft, and wire transfer.

Staking

NDAX offers on-platform staking across 18 assets including Solana (SOL), Ethereum (ETH), Cardano (ADA), Cosmos (ATOM), Polkadot (DOT), and Bittensor (TAO). Advertised APYs range from around 2.2% for Cardano up to 13% for Cosmos. NDAX applies a 20% administration fee on staking rewards. Where available, instant redemption options eliminate unbonding wait periods.

For Solana specifically, NDAX provides a fully managed experience: users hold SOL on the platform, opt into staking, and receive rewards without needing to select a validator, manage a wallet, or interact with Solana's on-chain staking mechanics.

Institutional and Advanced Services

NDAX operates an OTC desk for high-volume trades, treasury and institutional solutions, and a white-label program allowing other businesses to build crypto products on NDAX's regulated infrastructure. API access is provided for programmatic trading.

Security and Custody

NDAX holds the majority of client digital assets in offline cold storage secured by multi-signature technology via Ledger Vault. The platform was the first Canadian cryptocurrency exchange to achieve SOC 2 Type II certification. No platform-wide hack or confirmed loss of client funds has been reported since founding.

In October 2025, the British Columbia Supreme Court ruled in NDAX's favor after a customer sought to hold the exchange liable for a C$671,000 loss in a fraudulent investment scheme. The court found NDAX had issued four separate warnings to the customer, reinforcing the exchange's documented compliance practices.

Solana Ecosystem Fit

For Solana holders in Canada, NDAX provides a compliant, custodied path to SOL trading and staking without the complexity of self-custody or native validator delegation — backed by a platform with a strong regulatory profile and operational continuity since 2018. The NHL partnership and national advertising presence give NDAX one of the highest mainstream-consumer reach profiles of any Canadian crypto venue.