We’re happy to tell our users that today Coinsquare, Wonderfi, and Coinsmart signed a definitive agreement to combine. By bringing together our three businesses, we will strengthen our position as Canada’s largest regulated trading company for crypto assets.
Author: Mazin Kanuga
Everything You Need to Know About Crypto Taxes in Canada for 2023
The tax season is here and the Canada Revenue Agency (CRA) considers four activities taxable events in the cryptocurrency world: selling or gifting your crypto, trading or exchanging one crypto for another, converting crypto to CAD and using crypto to purchase goods or services. Brush up on the rules and regulations of crypto taxes in Canada with our comprehensive guide.
Coinsquare’s year in review for 2023
As the year comes to a close, it’s time to look back and reflect on the highlights and accomplishments of the past 12 months. For Coinsquare, it’s been a year of growth and expansion. In early 2022, we announced that we planned to expand our platform and add new features and services. This included the launch of the new Coinsquare, which introduced a number of advanced features and tools to help our users trade more efficiently and effectively. This was a major milestone for us, as it made it easier than ever for our users to access and trade cryptocurrency,
Coinsquare’s commitment to protecting your crypto assets
A letter from Martin With recent liquidity issues in the crypto market this week and the turmoil that has ensued, I wanted to confirm how Coinsquare’s position as a fully regulated IIROC investment dealer uniquely protects your account and your crypto asset investments. Coinsquare embarked on a journey to become the first fully IIROC regulated crypto asset trading platform over two years ago. It was an ambitious roadmap, but we were convinced it was the right thing to do for our customers and the industry in general. On October 12, 2022, Coinsquare became North America’s first and only IIROC Crypto-Asset
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Coinsquare’s commitment to transparency and risk management
Coinsquare is Canada’s first registered crypto IIROC investment dealer and marketplace member. Canadians now have the opportunity to invest in crypto, knowing that they benefit from the high level of operational compliance and business conduct required of IIROC dealers and the protections afforded to clients of traditional regulated IIROC dealers. Our regulatory status means you can count on the same high standards that you have come to expect from any IIROC-regulated dealer, regardless of unpredictable market conditions. Coinsquare has implemented robust protocols, safeguards, and industry-leading security technology, and we continue to protect your assets and ensure their availability regardless of
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Coinsquare Carves the Path, Becoming Canada’s First Crypto-Asset Trading Platform Registered as an Investment Dealer and IIROC Member
TORONTO, CA — October 12, 2022 — Coinsquare, Canada’s longest operating crypto asset trading platform, today announced that the Investment Industry Regulatory Organization of Canada (IIROC) has approved Coinsquare’s dealer registration and IIROC membership. This regulatory status will now position Coinsquare as the first crypto-only, IIROC registered investment dealer and marketplace member in the Canadian market across all provinces and territories. Coinsquare proceeded directly to IIROC registration, which imposes a higher standard of regulation that is familiar to customers and provides the greatest degree of investor protection. Competitors will be required to go through the same rigorous path to meet
Coinsquare announces acquisition of CoinSmart to create one of the largest crypto asset trading platforms in Canada
TORONTO, ONTARIO — September 22, 2022 — Coinsquare, Canada’s leading crypto asset trading platform, announced today that it has entered into a definitive agreement dated September 22, 2022 (the “Purchase Agreement”) with CoinSmart Financial Inc. (“CoinSmart”) to acquire all the issued and outstanding shares of its wholly-owned operating subsidiary Simply Digital Technologies Inc. (“Simply Digital”), which owns and operates the CoinSmart trading platform. Subject to customary regulatory and CoinSmart shareholder approval, this transaction will position the combined company as one of Canada’s Largest Crypto Asset Trading Platforms. With this acquisition and integration, Coinsquare becomes one of Canada’s largest crypto asset
The Ethereum Merge is coming soon!
Ethereum (ETH) is about to undergo the most critical upgrade in its history, known as The Merge. Widely anticipated for longer than 2 years, The Merge is the transition of the Ethereum network from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism. The Merge is touted as the solution that will make Ethereum much more scalable, reliable and energy-efficient. Here’s what you need to know. What is The Merge? The Merge is an update to the Ethereum network. It’s called “The Merge” because the update will merge the existing Ethereum Mainnet, which currently processes all transactions, with a solution
Market Commentary – August 26th, 2022
Crypto Market Last week on August 19, the value of long liquidations was the second highest it has been for the past three months at $538.2 million. This surge of liquidations came after prices of many crypto assets fell last week. BTC fell from $23.2k to $20.8k and ETH fell from $1.85k to $1.6k from the 18th to the 19th, marking the sharpest drops between closing prices of the past month for both assets. Since then BTC has found support at around $21.5k and ETH has now reclaimed $1,700. From an on-chain perspective, the total transferred volume out of Crypto-assets
Coinsquare files undertaking while nearing completion of its regulatory process in Canada
Coinsquare, Canada’s leading cryptocurrency trading platform, today announced that it has entered into an undertaking with the Ontario Securities Commission (OSC) and other Canadian securities regulators, setting out how it will conduct its activities in digital assets moving forward. The undertaking sets out Coinsquare’s operating obligations while nearing completion of its regulatory process by the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Securities Administrators (CSA). The terms of the undertaking are substantially consistent with the operating obligations that will apply to Coinsquare upon final regulatory approval in Canada. The undertaking covers client account opening and monitoring, regulatory
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