Latest News
Coinsquare to Acquire CoinSmart Crypto Trading Platform
Friday 23 September 2022

Canadian crypto asset trading platform Coinsquare has entered into a definitive agreement with CoinSmart Financial Inc. to acquire all the issued and outstanding shares of its wholly-owned operating subsidiary Simply Digital Technologies Inc, which owns and operates the CoinSmart trading platform, the company said.

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.

Following the completion of the transaction, CoinSmart will hold approximately ~12% ownership stake in Coinsquare on a pro-forma basis, and the company will enjoy material revenue and cost synergies via cross selling opportunities and cost rationalization.

Coinsquare is in the final stages of approval to become Canada's first crypto asset trading platform regulated as an Investment Industry Regulatory Organization of Canada dealer and marketplace member.

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.

CoinSmart is a Canadian-headquartered crypto asset trading platform.

CoinSmart is one of the few crypto asset trading platforms in Canada to be registered as a marketplace with the Ontario Securities Commission.
Date Published: 23/09/2022