Netcoins Adds Solana to Retail Crypto Investment-Limit Exemption
Solana just joined a privileged list on Netcoins—but don’t mistake one dealer’s regulatory relief for a Canadian crypto free-for-all. A new BCSC decision changes how SOL purchases count toward certain clients’ investment limits, while leaving provincial differences, investor protections and platform-specific conditions firmly in place. The fine print matters.
Toronto, ON
Oct 4, 2026
Solana trades on Netcoins’ platform will receive relief from applicable retail-client net investment limits under a variation to the dealer’s regulatory terms. The change expands an asset-specific exemption; it does not remove investment limits across Canada or give other platforms the same treatment.
The British Columbia Securities Commission, acting as Netcoins Inc.’s principal regulator, issued the variation on September 16, 2026. Published October 1, the decision adds Solana (SOL) to Appendix C’s list of “Specified Crypto Assets,” alongside Bitcoin, Ether, Bitcoin Cash, Litecoin and qualifying value-referenced crypto assets.
For clients subject to numerical investment limits, the practical distinction is which assets fall within the limit calculation. SOL now receives the treatment available to the other specified assets under Netcoins’ relief. Limits that apply to purchases of other crypto assets remain relevant.
What the Solana exemption changes
Netcoins operates a crypto trading platform as a registered restricted dealer. Its permission to offer crypto trading is governed by registration requirements and platform-specific exemptive relief, rather than an unrestricted authorization to sell any token on any terms.
The variation changes that existing framework. It does not establish that SOL is suitable for every investor, constitute a regulatory endorsement of the asset, or determine its legal status for every purpose under Canadian securities law.
Nor can another dealer simply rely on Netcoins’ decision. The BCSC acted as principal regulator under the Multilateral Instrument 11-102 Passport System, with Ontario participating through the coordinated review process. That process allows relief to operate across the relevant jurisdictions, but the relief remains tied to the named applicant and its conditions.
The $30,000 limit is not a nationwide rule
Canadian retail crypto investment limits depend on the client’s jurisdiction, investor category and the terms governing the platform.
Under the relevant framework, clients who are neither eligible nor accredited investors generally face a $30,000 net acquisition-cost limit over a rolling 12-month period in jurisdictions where numerical limits apply. Eligible investors may generally have a $100,000 limit, while accredited investors are not subject to that numerical cap. Alberta, British Columbia, Manitoba and Quebec have generally not imposed the same numerical limits.
Those distinctions matter. Describing the framework simply as a “$30,000 annual crypto cap” obscures both the provincial differences and the treatment of specified assets. It also risks confusing net acquisition cost with gross trading volume: the limit is not simply a tally of every purchase a client makes.
Adding SOL to the specified-assets list therefore changes the applicable limit treatment on Netcoins. It does not abolish a client’s remaining limits or displace the dealer’s responsibility to determine which rules apply.
Investor-protection conditions remain
The variation also updates Netcoins’ operational terms, revoking certain conditions while retaining requirements addressing client crypto contracts, custody and safeguarding, Know-Your-Product reviews, account-appropriateness assessments and regulatory reporting. Margin and leverage remain prohibited.
These obligations are separate from the investment-limit exemption. Excluding an asset from a numerical limit does not make an account appropriate for every client or remove the need to assess the products offered through it. The earlier Netcoins decision provides the underlying framework against which the variation should be read.
For other platforms, the decision is evidence of a targeted adjustment to an existing dealer’s terms—not a published, market-wide entitlement to equivalent SOL relief. The variation does not establish a general test for future additions to specified-asset lists.
The result is a meaningful but bounded change: Netcoins can apply its investment-limit relief to SOL while continuing to operate within the surrounding restricted-dealer framework. The exemption expands; the broader supervisory obligations remain.