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
Category: Press Releases
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
Coinsquare Appoints Martin Piszel as New CEO to Lead the Next Phase of Acceleration in the Digital Asset Sector
Former TradeLogiq executive Martin Piszel succeeds Stacey Hoisak who will assume her new role as President and Chief Legal Officer Coinsquare Appoints Martin Piszel as New CEO to Lead the Next Phase of Acceleration in the Digital Asset Sector Former TradeLogiq executive Martin Piszel succeeds Stacey Hoisak who will assume her new role as President and Chief Legal Officer TORONTO — July 20, 2021 — Coinsquare, Canada’s leading digital asset and cryptocurrency trading platform, has announced that its Board of Directors appointed Martin Piszel as its new Chief Executive Officer. Piszel will also join the Coinsquare Board of Directors and
Coinsquare Finalizes Agreement With CRA: Protects Majority of Client Data
In September 2020, the Canada Revenue Agency (CRA) filed an application in Federal Court seeking an order to compel Coinsquare to provide information pertaining to all of our clients’ account history and trading data. The CRA stated that it requires this information for tax reporting and compliance purposes. For reference, this story was covered in the media and you can read it here. We expect that similar disclosures will soon be required from other Canadian digital asset exchanges. Coinsquare negotiated to protect our client’s privacy, and limit any disclosure to only what was absolutely required by the CRA under Canadian
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Mogo Announces Strategic Investment in Coinsquare, Canada’s Leading Digital Asset Trading Platform
VANCOUVER, British Columbia–(BUSINESS WIRE)–Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), a digital payments and financial technology company, today announced its investment in Coinsquare Ltd. (“Coinsquare”), Canada’s leading digital asset trading platform, including the execution of a definitive agreement (the “Agreement”) for Mogo to acquire 19.99% ownership of Coinsquare’s outstanding common shares on a post-transaction basis for total consideration of approximately $56.4 million. The Agreement also includes rights for Mogo to acquire an additional 20% ownership interest in Coinsquare through purchases of shares from current shareholders and the exercise of warrants under certain conditions (refer to “Terms of the Transaction”), for
Coinsquare Announces New Leadership Team; Files Applications to Operate a Regulated Digital Asset Marketplace in Canada
TORONTO–(BUSINESS WIRE)–Coinsquare, Canada’s leading digital asset trading platform, has announced the appointment of Nicholas Thadaney and Wendy Rudd to its board of directors. The appointments follow the confirmation of Stacey Hoisak as Coinsquare’s new Chief Executive Officer, and the appointments of Lawrence Truong as Chief Compliance Officer, and Eric Richmond as Chief Operating Officer. The newly appointed directors and executive team bring tremendous experience in Canadian securities regulation, investment dealer operations and regulated marketplaces to Coinsquare. Coinsquare Capital Markets Ltd. (CCML) has also submitted a dealer membership application to the Investment Industry Regulatory Organization of Canada (IIROC) and an application
Coinsquare CEO Response To Data Breach
As the CEO of Coinsquare, I would like to provide you with a formal response to the recent news about a data breach of personal information contained within approximately 5,000 records of customer relationship management (CRM) data. Our goal is to be as transparent as possible and echo the communications sent to our customers, and address questions raised on social media, customer support inquiries, and beyond. We have done our best to provide as much information as possible across the following topics: Data Breach Backstory The VICE Article Coinsquare’s Retrospective The Facts of Those Impacted Coinsquare Does Not Offer SMS
Coinsquare Obtains Controlling Investment Position in Just Cash
Coinsquare, Canada’s premier cryptocurrency trading platform for trading Bitcoin, Ethereum, and other cryptocurrencies, announced today that it has taken a controlling investment position in Just Cash, a leading and innovative software provider in the fintech space. Just Cash’s revolutionary software enables any ATM to sell cryptocurrency (such as Bitcoin) to customers for the first time. The software allows customers to purchase cryptocurrency through the traditional ATM process without disrupting the ATM network. This first-of-its-kind transaction is accomplished by a routine software update to the ATM. There are no requirements for new hardware, additional capital investments by the ATM operator, or
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Coinsquare Announces the Pre-Launch of eCAD™, Canada’s First Fiat-Backed Stablecoin
Coinsquare, Canada’s premier cryptocurrency trading platform, will be launching eCAD™, the first stablecoin pegged to the Canadian dollar. eCAD™ marks the beginning of a new era for cryptocurrency mass adoption in Canada and beyond. “We are thrilled to announce the first step of our plan to bring stability and opportunity to the Canadian cryptocurrency market,” said Cole Diamond, CEO of Coinsquare. “The launch of eCAD™ will create the first transparent, affordable, and secure way of transferring value in Canada and beyond, without the risk of instability in the traditional cryptocurrency market.” Coinsquare’s eCAD™, a CAD-backed stablecoin, will provide the Canadian
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Coinsquare Acquires StellarX, a Global Decentralized Crypto Platform
Today Coinsquare, Canada’s premier cryptocurrency trading platform for trading Bitcoin, Ethereum, and other cryptocurrencies, announced it has acquired StellarX. The acquisition of StellarX comes on the heels of Coinsquare’s December 2018 acquisition of BlockEQ, which will be rebranded to become the anchor wallet for the StellarX platform. “We are deeply committed to ensuring that the cryptocurrency market thrives, and adoption is key”, said Cole Diamond, CEO of Coinsquare. “Stellar is the fastest payment network in the world and we see enormous potential to create industry leading services on StellarX to further broader adoption”. StellarX is the first full-featured trading app
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