Founded in 2014, Coinsquare provides customers with a proprietary platform engineered to deliver a robust, secure, and intelligent interface for trading Bitcoin, Ethereum, Litecoin, and other digital assets.
Coinsquare has grown to become Canada’s oldest operating digital asset firm, trading on behalf of over half a million Canadians.
CoinSmart is one of the few crypto asset trading platforms in Canada to be registered as a marketplace with the Ontario Securities Commission. CoinSmart is also one of the first Canadian headquartered trading platforms to have an international presence, accepting customers across 40+ countries at a time when the digital asset industry continues to rapidly expand.
With this acquisition and integration, Coinsquare becomes one of Canada’s largest crypto asset trading platforms with a diversified and compliant offering across various business lines including both retail and institutional trading, crypto payment processing, and digital asset custody.
“This acquisition represents a monumental and exciting milestone for both companies and brings together two industry leading management teams,” said Coinsquare, CEO Martin Piszel.
“The cryptocurrency market is going through immense change with regulators defining a roadmap for platforms to operate in Canada. This has led to an ever-increasing cost structure and additional complexity in operating a viable crypto exchange. We feel that scale and operational efficiency matter, and we are well positioned to play a leading role in defining the space in Canada.”