Canada's Coinsquare crypto exchange ready to test European waters

Canada’s Coinsquare crypto exchange ready to test European waters

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2018 has not been a fairy tale in the cryptocurrency world, with prices falling as much as 70% in most crypto coins and the market capitalization shrinking from $800 billion in early 2018 to just a little over $200 billion today. However, recent events aren’t stopping efforts from crypto-related businesses to expand their operations around the world. Such is the case with Coinsquare, which is gearing up to move into the European market.

Coinsquare, considered the biggest crypto trading service in Canada, announced its plans to test the European waters by the fourth quarter of 2018. In a statement, Coinsquare said it will maintain its secure and reliable service giving the new European customers access to significant digital assets like Bitcoin Cash, along with other cryptos including ETH, BTC, XRP, LTC, and DASH.

According to Thomas Jankowski, chief digital and growth officer of Coinsquare, “Cryptocurrency investors globally want a platform they can trust. Coinsquare is a regulated, fully compliant trading and we’re thrilled to offer the European market the same secure and intuitive interface that we offer Canadians.”

Coinsquare is not new to the cryptocurrency world; it has been in existence for four years now. Founded in 2014, the Toronto-based operator has grown steadily to become the biggest and most secure crypto trading platform in Canada. Similar to other top-notch exchanges like Coinbase, Coinsquare allows cryptocurrency to fiat exchange.

The European expansion marks the first time that Coinsquare is crossing international borders under the Coinsquare brand. However, the Toronto exchange previously partnered with DLTa21, an international cryptocurrency investment bank, to open a cryptocurrency exchange in Japan.

Coinsquare CEO Cole Diamond expressed his optimism over the European expansion, saying, “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.”

Coinsquare didn’t specify which European country it will be based in, although there are several crypto- and blockchain-friendly jurisdictions that the exchange could choose, including Malta, Switzerland and Gibraltar.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

New to blockchain? Check out CoinGeek’s Blockchain for Beginners section, the ultimate resource guide to learn more about blockchain technology.