KOHO Brings Cryptocurrency Trading to its Mobile App

KOHO is a Canadian neobank that offers users a no-fee spending and savings account, a prepaid Mastercard with cashback rewards, and tools to build credit history. Founded in 2014, KOHO serves over 2.5 million Canadians. In May 2026, it added the ability for customers to buy, hold, and sell cryptocurrency directly within its mobile app.

The addition of crypto is a new feature that does not change the core focus of the platform, which is on everyday money management. Users can earn cashback rewards on their spending, save with high-interest rates, and build credit history. The in-app crypto offering is simple and straightforward, allowing users to buy and sell a limited selection of major coins through its licensed partner NDAX.

KOHO's registration as a Money Services Business with FINTRAC and its application for a federal Schedule 1 banking licence with OSFI demonstrate the company's commitment to regulatory compliance. The platform holds Earn Interest balances in trust with CDIC-member institutions, ensuring customer deposits are protected.