Coinsquare Expanding Into European Market

Canadian Crypto Exchange Coinsquare Expanding Into European Market

Among Canada’s biggest cryptocurrency exchanges, Coinsquare, is expanding into the European marketplace. This is actually the exchange’s first international growth under its own brand. Its prior expansions were partnerships with different businesses.

Ontario-based cryptocurrency exchange Coinsquare declared on Thursday, August 23, its strategy to expand into the European economy in the fourth quarter of the year. The Business wrote:

Customers across Europe will have access to Coinsquare’s entire suite of coins – bitcoin, bitcoin cash, ethereum, litecoin, XRP, dogecoin, and dash.

Launched in 2014, Coinsquare claims to be”Canada’s most protected digital currency trading platform,” using a”95% storage coverage on all electronic money.” The exchange also claims to have more than 100,000 clients.

According to its site, Coinsquare affirms the trading of seven cryptocurrencies and four fiat currencies: the British pound, Canadian dollar, euro, and US dollar. The Australian dollar can be recorded but now jobless.

Thomas Jankowski, Coinsquare’s Chief Digital and Growth Officer, commented about the European growth:

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.

Additionally, the business has a subsidiary called Coin Capital Investment Management Inc. (Coincapital), established on July 30. It’s filed with the Ontario Securities Commission (OSC) as an exempt market trader, investment fund director, and portfolio manager. “This new branch will provide a package of investment products centered on emerging technologies such as blockchain, artificial intelligence, and cryptocurrencies,” the business comprehensive.

Expansion Under Coinsquare Brand

According to Thursday’s announcement:

This is Coinsquare’s first international expansion under the Coinsquare brand, but not Coinsquare’s first step in the global cryptocurrency market.

Presently, Coinsquare can simply confirm users that will prove Canadian citizenship or executive citizenship, including that appropriate records are driver’s license, passport, national identity card, permanent resident card or credit card for Quebec.

The business has, however, expanded by partnering with companies in Canada and the EU to”launch entirely white-labelled platforms offering a consistent brand experience, and are specifically tailored to individual markets and the requirements of their clientele.” All these expansions leverage Coinsquare Accreditation which induces cryptocurrency trading options utilizing Coinsquare’s technology.

In July, Coinsquare declared its strategy to enter the Japanese market through Coinsquare Licensing, pending the approval of the Japanese Financial Services Agency (FSA). Coinsquare”will probably be occupying a Japanese exchange in partnership with Dlta21, a international cryptocurrency investment bank, through Coinsquare Licensing,” the firm clarified.

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