Canadian Crypto Exchange Coinsquare Expanding Into European Market

One of Canada’s largest cryptocurrency exchanges, Coinsquare, is expanding into the European market. This is the exchange’s first international expansion under its own brand. Its previous expansions were through partnerships with other companies.

European Expansion

However, the exchange explains that, currently, it can only verify users who can prove Canadian citizenship or Canadian residency, adding that acceptable documents are driver’s license, passport, national identity card, permanent resident card or health card for Quebec.

Thomas Jankowski, Coinsquare’s Chief Digital and Growth Officer, commented:

In addition, the company has a subsidiary called Coin Capital Investment Management Inc. (Coincapital), launched on July 30. It is registered with the Ontario Securities Commission (OSC) as an exempt market dealer, investment fund manager, and portfolio manager. “This new division will offer a suite of investment products focused on emerging technologies including blockchain, artificial intelligence, and cryptocurrencies,” the company detailed.

First Expansion Under Coinsquare Brand

According to Thursday’s announcement:

In July, Coinsquare announced its plan to enter the Japanese market through Coinsquare Licensing, pending the approval of the Japanese Financial Services Agency (FSA). Coinsquare “will be powering a Japanese exchange in partnership with Dlta21, a global cryptocurrency investment bank, through Coinsquare Licensing,” the company described.