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Coinsquare Expands Into European Market, Eyes Japan

Canadian Ontario based crypto exchange Coinsquare is expanding into European market towards the end of this year.

Coinsquare is one of Canada’s principal crypto exchanges and also claims to be the nation’s most secure platform for crypto trading. Founded in 2014, the exchange has over 100,000 users. It supports seven cryptocurrencies and four fiat currencies: the British pound, Canadian dollar, euro, and US dollar. In July, the FSA in Japan received Coinsquare’s application to also operate there.

Its new European users will also have access to the same North American selection of coins- Bitcoin, Bitcoin Cash, Ethereum, Litecoin, XRP, Dogecoin, and Dash. Thomas Jankowski, Coinsquare’s Chief Digital, and Growth Officer commented on the latest move:

“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.”

Until now, Coinsquare has only been open to Canadian citizens or residents. The users had to register by submitting relevant documentary proof like driver’s license, passport, national ID card, residence permit or in the case of Quebec, a healthcare card for verification. According to Coinsquare, its move into Europe by partnering with businesses will enable it to:

“…launch fully white-labeled platforms that offer a consistent brand experience, and are specifically tailored to individual markets and the needs of their clients.”

Along with these developments, the company also launched a subsidiary in July, called CoinCapital. Registered with the Ontario Securities Commission (OSC)  as an exempt market dealer, investment fund manager and portfolio manager CoinSquare sees it as a worthwhile addition to the main company. The company commented:

“This new division will offer a suite of investment products focused on emerging technologies including blockchain, artificial intelligence, and cryptocurrencies.”

Canada is rapidly becoming a world leader in embracing cryptocurrency and blockchain technology, behind the US and the UK. Due to provincial research and development, low energy costs, high-speed internet and internal regulation, Canada — the home of Ethereum, has become an established global leader in blockchain innovation.

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