Coinsquare Acquires CoinSmart, Plans to Boost Presence in Canada

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In an official press release on Thursday, Coinsquare, a leading Canadian crypto firm, confirmed that the company has signed a definitive agreement to acquire CoinSmart. With the acquisition, Coinsquare aims to become one of the largest crypto trading platforms in Canada.

The combined company will have more than $350 million in assets under custody. The consideration for the acquisition includes cash and Coinsquare common stock. Once the transaction is completed, CoinSmart will hold nearly 12% of the issued and outstanding shares of Coinsquare.

“Today is an exciting day for all of us at CoinSmart,” said Justin Hartzman, CEO of CoinSmart. “We are excited to work together with the Coinsquare team to build one of the largest regulated crypto trading platforms in Canada and I could not be more proud of what we have accomplished so far. With a diversified product line, exceptional crypto talent and one . of the largest user bases in Canada, the combined company will be well positioned to continue its aggressive expansion plans. While the crypto market is in the construction phase of its life cycle, this transaction will provide the torque needed to be in a favorable position. entering the next bull run.”

Crypto Ecosystem of Canada

Canada is one of the most popular regions among major crypto firms. In August 2022, Crypto.com, a leading digital trading platform, confirmed that the Ontario Securities Commission (OSC) had granted the company pre-registration for operations in the region.

Martin Piszel, CEO of Coinsquare, believes that the latest acquisition is a “monumental milestone” for both companies.

“We are excited to work together to shape how the crypto industry in Canada grows and evolves, and together we will be able to offer our customers the most innovative and secure products supported by the highest standards of regulation in the industry,” said Piszel.

CoinSmart’s management team will become part of Coinsquare.

In an official press release on Thursday, Coinsquare, a leading Canadian crypto firm, confirmed that the company has signed a definitive agreement to acquire CoinSmart. With the acquisition, Coinsquare aims to become one of the largest crypto trading platforms in Canada.

The combined company will have more than $350 million in assets under custody. The consideration for the acquisition includes cash and Coinsquare common stock. Once the transaction is completed, CoinSmart will hold nearly 12% of the issued and outstanding shares of Coinsquare.

“Today is an exciting day for all of us at CoinSmart,” said Justin Hartzman, CEO of CoinSmart. “We are excited to work together with the Coinsquare team to build one of the largest regulated crypto trading platforms in Canada and I could not be more proud of what we have accomplished so far. With a diversified product line, exceptional crypto talent and one . of the largest user bases in Canada, the combined company will be well positioned to continue its aggressive expansion plans. While the crypto market is in the construction phase of its life cycle, this transaction will provide the torque needed to be in a favorable position. entering the next bull run.”

Crypto Ecosystem of Canada

Canada is one of the most popular regions among major crypto firms. In August 2022, Crypto.com, a leading digital trading platform, confirmed that the Ontario Securities Commission (OSC) had granted the company pre-registration for operations in the region.

Martin Piszel, CEO of Coinsquare, believes that the latest acquisition is a “monumental milestone” for both companies.

“We are excited to work together to shape how the crypto industry in Canada grows and evolves, and together we will be able to offer our customers the most innovative and secure products supported by the highest standards of regulation in the industry,” said Piszel.

CoinSmart’s management team will become part of Coinsquare.

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