Coinsquare announces acquisition of CoinSmart to create one of the largest crypto asset trading platforms in Canada

TORONTO, ONTARIO — September 22, 2022 — Coinsquare, Canada’s leading crypto asset trading platform, announced today that it has entered into a definitive agreement dated September 22, 2022 (the “Purchase Agreement”) with CoinSmart Financial Inc. (“CoinSmart”) to acquire all the issued and outstanding shares of its wholly-owned operating subsidiary Simply Digital Technologies Inc. (“Simply Digital”), which owns and operates the CoinSmart trading platform. Subject to customary regulatory and CoinSmart shareholder approval, this transaction will position the combined company as one of Canada’s Largest Crypto Asset Trading Platforms. With this acquisition and integration, Coinsquare becomes one of Canada’s largest crypto asset

Market Commentary – September 23rd, 2022

Crypto Market At the time of writing, Bitcoin is trading at $18,900 and Ethereum at $1,288. Crypto markets were under pressure this week after the Federal Reserve raised rates by 75 bps on Wednesday (more details under the Macro section). During the course of the week, there was a net outflow of over $200M worth of Bitcoin from centralized exchanges as its price held around its low set in June 2022. This level may have attracted buyers. Exchange netflows are the net amount of inflows minus outflows of a specific crypto-asset going in/out of centralized exchanges. Crypto going into exchanges

Market Commentary – September 16th, 2022

Crypto Market Bitcoin (BTC) has now been within a persistent market downtrend for ten months since the all-time high in November 2021. This week, Bitcoin spot prices touched the $18,649 level, marking the second lowest low at a 72.5%  drawdown from the cycle top. Compared to prior bear cyclical bottoms, the 2022 contraction has not been as significant on a percent drawdown perspective. The lows in 2015, 2018 and 2020 reached over 77%+ drawdowns from all time highs. With Bitcoin trading 72.5% below the Nov 2021 all time high this week, the market has many similarities to the latest phase

Market Commentary – September 9th, 2022

Crypto Market Following aggressive distribution in the Bitcoin market earlier this week, short-term Bitcoin holders found themselves under pressure as Bitcoin struggled to hold the psychological $20,000 support amidst growing global liquidity issues. Short term investor profitability remains under pressure. However, at time of writing 7:00 am EST Friday September 9th, Bitcoin broke over $20,000 and has set a weekly higher low.  With Ethereum’s Merge event just around the corner, the entire industry is preparing for the network’s most highly-anticipated upgrade.  The Merge is set to happen on  September 14, 2022 at around 2pm EST. The latest upgrade to the

The Ethereum Merge is coming soon!

Ethereum (ETH) is about to undergo the most critical upgrade in its history, known as The Merge.  Widely anticipated for longer than 2 years, The Merge is the transition of the Ethereum network from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism. The Merge is touted as the solution that will make Ethereum much more scalable, reliable and energy-efficient. Here’s what you need to know. What is The Merge? The Merge is an update to the Ethereum network. It’s called “The Merge” because the update will merge the existing Ethereum Mainnet, which currently processes all transactions, with a solution

Market Commentary – August 26th, 2022

Crypto Market Last week on August 19, the value of long liquidations was the second highest it has been for the past three months at $538.2 million. This surge of liquidations came after prices of many crypto assets fell last week. BTC fell from $23.2k to $20.8k and ETH fell from $1.85k to $1.6k from the 18th to the 19th, marking the sharpest drops between closing prices of the past month for both assets. Since then BTC has found support at around $21.5k and ETH has now reclaimed $1,700. From an on-chain perspective, the total transferred volume out of Crypto-assets

Coinsquare files undertaking while nearing completion of its regulatory process in Canada 

Coinsquare, Canada’s leading cryptocurrency trading platform, today announced that it has entered into an undertaking with the Ontario Securities Commission (OSC) and other Canadian securities regulators, setting out how it will conduct its activities in digital assets moving forward. The undertaking sets out Coinsquare’s operating obligations while nearing completion of its regulatory process by the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Securities Administrators (CSA).  The terms of the undertaking are substantially consistent with the operating obligations that will apply to Coinsquare upon final regulatory approval in Canada. The undertaking covers client account opening and monitoring, regulatory

This is not a drill: Crypto-to-crypto trading is available through Coinsquare’s OTC desk

Did you know that Coinsquare Wealth clients can make direct coin-to-coin trades via the OTC desk without converting to fiat first? Read along to find out more. If you’re looking for a way to trade your Bitcoin or get your hands on the next big altcoin, look no further than Coinsquare Wealth. Coinsquare now offers its Wealth clients the chance to make direct coin-to-coin trades without first converting to a fiat currency. As a Wealth client, you can trade between 40 coins as well as CAD and USD. Coinsquare users have over 860 trading pair options through the OTC desk! Here’s

Coinsquare Trivia Tuesday Giveaway – July 26

It’s time for #TriviaTuesday! From July 26th 2022 (10:00 AM ET), to August 1st 2022 (3:00 PM ET) we will be accepting submissions for our contest. A lucky winner will win $1000 in crypto.  Here’s how to participate Check out our Instagram or Twitter pages once the contest begins! To enter, follow the instructions in the caption! Things you need to know Here’s where you can find all our contest terms and conditions.  The contest is only open to residents in Canada (excluding Quebec).  A winner will be picked via random draw among eligible entries at the end of the

Coinsquare Trivia Tuesday Giveaway

It’s time for #TriviaTuesday! From July 19th 2022 (10:00 AM ET), to July 25th 2022 (3:00 PM ET) we will be accepting submissions for our contest. A lucky winner will win $1000 in crypto.  Here’s how to participate Check out our Instagram or Twitter pages once the contest begins! To enter, tag a friend and provide the answer to the trivia question in the comments or replies! Things you need to know Here’s where you can find all our contest terms and conditions.  The contest is only open to residents in Canada (excluding Quebec).  A winner will be picked via