Canada’s Coinsquare Crypto Trading Platform Partners with Big 5 Banker, Passing Financial Audit
Coinsquare Secures Big 5 Banking Relationship, Completes Third-Party Financial Audit
Canada's premier cryptocurrency trading platform, Coinsquare, has announced it has secured an official banking relationship with a Big 5 Canadian bank, making it the first crypto platform in Canada to do so.
By this relationship, Coinsquare has secured a powerful foundation for its global growth which offers streamlined process of depositing and withdrawing funds for users.
Cole Diamond, CEO of Coinsquare said the relationship is a tremendous boost not only for Coinsquare but for the entire Canadian cryptocurrency industry. He adds that at Coinsquare, their motto has always been to ‘Do Digital Currency Right'. This announcement is one of many examples of how institutional third-party partners put their faith in their approach to the cryptocurrency business. He said they are thrilled to start a relationship with a major Canadian banks and are excited for what it means for their users.
The relationship comes sequel to Coinsquare’s completion of an organization-wide third-party consolidated financial statement audit, becoming one of the only cryptocurrency trading platforms in the world to successfully do it.
The audit, completed by a national accounting firm, expressed an “unmodified opinion”, meaning that all of Coinsquare's financial statements are “free from material misinformation.”
Ken Tsang, Chief Financial Officer of Coinsquare said successfully completing an audit and starting a relationship with a top-tier bank helps Coinsquare push forward on its vision to be the most trusted cryptocurrency platform in the world.
Coinsquare continues to grow rapidly throughout 2018. The platform was recognized early in the year as the 2nd most-sought after startup by LinkedIn based on data collected from 575 million users.