Today Coinsquare announced it has acquired BlockEQ, the leading cryptocurrency wallet on the Stellar network.
Coinsquare is Canada’s premier cryptocurrency trading platform for trading Bitcoin, Ethereum, and other cryptocurrencies.
Coinsquare purchased BlockEQ for $12 million and will leverage BlockEQ’s technology to help Coinsquare and its users connect further with the world of cryptocurrencies.
“We have enormous respect for what the BlockEQ team brings to Coinsquare,” said Cole Diamond, CEO of Coinsquare.
“They are one of Canada’s best tech teams, and the product they’ve built is immensely valuable. That combination in partnership with Coinsquare’s technology and team means that we have the opportunity to build amazing things for the cryptocurrency community in Canada and far beyond.”
BlockEQ, which was co-founded by Jonathan Lister, Megha Bambra and Satraj Bambra, is a cryptocurrency wallet that empowers users to buy, trade, and hold cryptocurrencies in a secure manner.
BlockEQ will remain its own entity, operating as a subsidiary of Coinsquare as the company continues to diversify its business lines and move toward becoming a 21st-century financial institution.
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