Canadian Coinsquare stock exchange will launch trading platform in Europe by the end of the year
Coinsquare, one of Canada’s largest cryptocurrency trading platforms, announced the next stage of business development and quest to become a global platform of digital assets: exchange is preparing to open a branch in the European Union in the last quarter of 2018.
Coinsquare, a.k.a. canadian Coinbase, announced on Thursday, August 23, in the near future, European customers will have access to the services of the company trade digital currencies. Currently Coinsquare supports trading bitcoin, Ethereum, lithinon ripple, dogecoin, and bitcoin cash dash. Coinsquare keeps the bulk of their assets in so-called cold storage, which uses stand-alone servers to prevent hacker attacks.
Based in Toronto cryptocurrency exchange announces 5 billion $ annual dohodah and more than 100,000 active clients. The company previously raised $ 23.6 million in a round of funding this year and is aimed at carrying out IPO in September, intending to attract an additional $ 120 million for expansion of the business. Trading platform is also eyeing the Asian market and plans to open shopping platform in Japan.
Europe is considered by Coinsquare as a global hub of business, with the ability to exponentially increase the number of new customers of the exchange.
It is worth noting that, according to the survey, 85% of the canadian population aware of bitcoin and cryptocurrencies, the number of canadian residents who own bitcoins have increased during the year almost doubled in Europe these figures, however, higher.
Recall that the Bank of Canada is considering the possibility to issue a national digital currency, saying the Central Bank cryptocurrency (CBDC) can be beneficial both for Canada and neighboring United States.
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