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