Canada’s Coinsquare Gunning for the European Market
Canada’s exchange platform Coinsquare has plans to extend its services to the European market. Customers in Europe will now be in a position to use the exchange to trade Ethereum, Bitcoin and other digital currencies.
The Canadian-based platform announced this week on Thursday that it plans to expand its operations to Europe by the end of this year. This expansion means that users across the European Union will now be in a position to use the services of this platform and its trading solutions to trade digital coins including Bitcoin, Litecoin, Ripple, Bitcoin Cash, Dogecoin, Dash and Ethereum.
According to Thomas Jankowski, the platform’s chief digital and growth officer, investors in the cryptocurrency industry all over the world need a platform they can trust. Coinsquare brings this trust to the European market. The platform is regulated, and fully-compliant with financial laws in Canada. It is also secure and offers an intuitive interface.
The move to expand business to Europe is this platform’s first attempt to try out a foreign market using the Coinsquare brand. The other attempt was when the firm tried at the global crypto market in partnership with DLTa21, a crypto investment bank to support a Japanese digital currency exchange.
Coinsquare came into existence about four years ago, and has its head offices in Toronto, Canada. At the moment, the platform provides the most trusted crypto exchange services in Canada. It also allows traders to exchange crypto with fiat currency.
The Chief Executive Officer (CEO) asserted that the move to enter such a massive market like the EU is a stepping stone towards achieving the company’s vision of becoming a global financial institution in the 21st century. The firm has already established itself as the premier digital currency exchange in Canada, and has to take caution in its expansion to ensure that it provides the same quality and safe services elsewhere as it does in Canada.
Coinsquare has been working very hard to expand its business since the beginning of this year. So far, it has secured about $30 million in investments and has plans to increase its staff by 100. Just last month, the firm established a subsidiary that will assist investors invest in companies that focus on artificial intelligence (AI) and blockchain. One of these subsidiaries is Coin Capital, that aims to provide users with investments, finances and other products that help them get into the crypto and AI industry.