Coinsquare Ready to Conquer European Market

Canada-based cryptocurrency platform Coinsquare announced on Thursday that it would expand its business in the European market by the end of this year. Thus, potential clients across the European Union would be able to access Coinsquare’s trading solutions related to Bitcoin, Bitcoin Cash, Litecoin, Ripple’s XRP, Ethereum, Dogecoin, and Dash.

Thomas Jankowski, Coinsquare’s chief digital and growth officer, commented on the company’s plans in Europe:

“Cryptocurrency investors globally want a platform they can trust. 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.”

The European expansion is the company’s first attempt to reach a foreign market under the Coinsquare brand. However, the Canadian firm had already made a first step in the global crypto market when it partnered with crypto investment bank DLTa21 to back a Japanese cryptocurrency exchange.

Coinsquare was founded four years ago and is headquartered in Toronto. Currently, the service provides one of the most trusted cryptocurrency exchange and trading platforms in Canada. Users can exchange fiat money to a wide list of cryptocurrencies.

Coinsquare CEO Cole Diamond commented:

“Entering on a massive market like the EU is an exciting step closer to Coinsquare's vision of becoming a global 21st-century financial institution. Already the premier cryptocurrency exchange in Canada, we are careful in how we expand internationally to ensure we can offer the same high quality, secure service in every country we operate.”

Since the beginning of this year, Coinsquare has made a considerable effort to expand its business. It secured $30 million in investments and is planning to hire about 100 more employees. Last month, we reported that the Canadian crypto exchange launched a subsidiary to help traders invest in companies focused on blockchain and artificial intelligence (AI). Coincapital, as the new division is called, will provide the clients with investments, funds and other products that give exposure to the crypto and AI space.