Coinsquare announced in a recent announcement that they will be moving into Europe, marking their first expansion outside of Canada, where they are based. This means that all the coins on the exchanges will be available for trading throughout Europe.
The exchange currently offers services for Bitcoin [BTC], Bitcoin Cash [BCH], Ethereum [ETH], Litecoin [LTC], XRP, Dogecoin [DOGE] and Dash [DASH]. The move by Coinsquare is to further solidify their position to build a trusted global platform for purchasing and trading digital assets.
Notably, the exchange is one of the first regulated and fully-compliant trading platform. On the move, Thomas Jankowski, Chief Digital and Growth Officer of Coinsquare said:
“Coinsquare is a regulated, fully-compliant trading platform and we’re thrilled to offer the European market the same secure and intuitive interface that we offer to Canadians.”
The platform is usually hailed as the Coinbase of Canada and allows its users to trade cryptocurrencies with fiat. The platform has already been making waves in the international community, as this news comes after the announcement that they will be partnering with a Japanese exchange through DLTa21, an investment bank for cryptocurrency.
Moreover, the exchange recently announced another addition to their suite of products known as Coincapital. This is a new investment fund and portfolio manager that is aimed at providing a diversified set of investments. They also launched a division on the platform known as Coinsquare Licensing, which is aimed at providing solutions for cryptocurrency trading.
The CEO of Coinsquare, Cole Diamond, stated:
“Already the premier cryptocurrency exchange in Canada, we are careful in how we expand internationally to ensure we can offer the same high quality, secure service in every country we operate.”
He further stated that this is one step closer to Coinsquare’s vision of becoming a “global 21st century financial institution”. Notably, the exchange moves $5 billion of value annually and has over 100000 customers.
Logan Gagnon, a Canadian cryptocurrency investor stated:
“Coinsquare is an option in Canada trusted many. The move into Europe might push their adoption as they are are quite a recognizable name in the Canadian market. Moreover, this is one of the first steps of the exchange for worldwide expansion.”
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