Tag: CoinSmart

CoinSmart Announces Acquisition by Coinsquare, Creating one of Canada’s Largest Crypto Asset Trading Platforms

CoinSmart Financial Inc. (“CoinSmart” or the “Company”) (NEO: SMRT) (FSE: IIR), announced today that it has entered into a definitive agreement dated September 22, 2022 (the “Purchase Agreement”) with Coinsquare Ltd. (“Coinsquare”), a leading Canadian crypto asset trading platform, pursuant to which CoinSmart has agreed to sell to Coinsquare all of the issued and outstanding shares of its wholly-owned operating subsidiary Simply Digital Technologies Inc. (“Simply Digital”) (the “Transaction”). The acquisition and integration of these two businesses will establish Coinsquare as one of Canada’s largest crypto asset trading platforms with a diversified and compliant offering across various business lines, including ... Read more

CoinSmart Announces Increase in Key Performance Metrics

CoinSmart Financial Inc. (NEO: SMRT) (FSE: IIR) (“CoinSmart” or the “Company”) one of Canada’s leading crypto asset trading platforms, today announced that despite a sustained period of risk-off selling across the digital asset market over the past few months, the company has experienced large percentage increases in a number of key growth metrics in Q4 2021 compared to Q3 2021. The platform saw an overall retail and OTC volume increase of 52.6% from Q3 2021 to Q4 2021 as well as an increase in registered users of 10.6% during the same timeframe. OTC revenues rose by 124.47% in Q4 2021 ... Read more

CoinSmart Closes CAD$4.5 Million Seed Funding; Plans to Expand into Europe

Friday, 5 March 2021, 08:17 HKT/SGT    Source: CoinSmart ONTARIO, CA, Mar 5, 2021 - (ACN Newswire) - Canada-based cryptocurrency exchange CoinSmart has announced the closing of a CAD$4.5 million (roughly US$3.5 million) seed funding round and extensive plans to expand into Europe.CoinSmart, owned by Simply Digital Technologies, told CoinDesk in a statement Monday the investment was…