Despite current market woes and prices lulling at a yearly low, crypto exchanges and trading platforms are expanding at an unprecedented rate.
Canada’s premier crypto trading service, Coinsquare, has announced plans to expand into Europe in the fourth quarter of this year. According to the press release European customers will gain access to all of the major digital assets including Bitcoin, Ethereum, XRP, Litecoin, Bitcoin Cash and Dash, backed up with a secure and reliable service from the firm.
Chief Digital and Growth Officer of Coinsquare, Thomas Jankowski, said;
“Cryptocurrency investors globally want a platform they can trust. 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.”
Coinsquare, founded in 2014, has become one of Canada’s largest and most trusted cryptocurrency exchanges. Like Coinbase across the border in the US, it allows fiat to crypto trading for a number of different digital currencies. The move will be the first international expansion under the Coinsquare brand but not the first time the company has ventured overseas.
Last month the firm entered into a partnership in Japan with DLTa21, a global cryptocurrency investment bank. The collaboration allowed Coinsquare to open a cryptocurrency exchange for the Japanese market. Chief Executive of Coinsquare, Cole Diamond, added;
“Entering on a massive market like the EU is an exciting step closer to Coinsquare’s vision of becoming a global 21st century financial institution. Already the premier cryptocurrency exchange in Canada, we are careful in how we expand internationally to ensure we can offer the same high quality, secure service in every country we operate.”
However it was not specified which European country or countries the company would be operating in. If it follows the leads of Binance and Huobi it could choose crypto friendly Malta, Switzerland or Gibraltar which top the list of countries open to blockchain business.
Like its rivals, Coinsquare continues to expand despite the bearish market of 2018. A new investment fund and portfolio manager offering a suite of products focused on emerging technologies including blockchain and cryptocurrencies was recently announced. Additionally a licensing division enabling the company to tap into regulated markets in the EU and Asia was also launched. More notably Coinsquare added XRP fiat trading to its listings a few weeks ago as part of its ‘global expansion’.