Coinsquare secures Big 5 banking relationship and completes third-party financial audit

Today Coinsquare, Canada’s premier cryptocurrency trading platform for trading Bitcoin, Ethereum, and other cryptocurrencies, announced it has secured an official banking relationship with a Big 5 Canadian bank. Coinsquare is one of the only cryptocurrency platforms in Canada to secure such a relationship, which enables a streamlined process of depositing and withdrawing funds for users and a powerful foundation for Coinsquare’s global growth.

“This is a tremendous boost not only for Coinsquare but for the entire Canadian cryptocurrency industry,” said Cole Diamond, CEO of Coinsquare. “At Coinsquare, our motto has always been to ‘Do Digital Currency Right’. This announcement is one of many examples of how institutional third party partners put their faith in our approach to the cryptocurrency business. We’re thrilled to start a relationship with a major Canadian bank and we’re excited for what it means for our users.”

The relationship comes on the heels of another major step forward for Coinsquare, who recently became one of the only cryptocurrency trading platforms in the world to successfully complete a third-party an organization-wide third-party consolidated financial statement audit. The audit, completed by a national accounting firm, expressed an “unqualified opinion”, meaning that all of Coinsquare’s financial statements are “free from material misstatement.”

“Successfully completing an audit and starting a relationship with a top-tier bank helps us push forward on our vision to be the most trusted cryptocurrency platform in the world,” said Ken Tsang, Chief Financial Officer of Coinsquare.

Coinsquare continues to experience exponential growth throughout 2018. Earlier this month, the cryptocurrency trading platform was recognized as the 2nd most-sought after startup by LinkedIn. LinkedIn based its ranking on data collected from its 575 million users, and also recognized Coinsquare as the fastest growing startup on the list.

Release originally published on Newswire

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