Master Your Finances: A Beginner’s Guide to the 50/30/20 Budget Rule

A budget can give you a sense of financial control and make it easier for you to save money for your objectives. Finding a system that works for you can help you feel like you have a better handle on your finances. Have you ever heard of the 50/30/20 budget rule? The rule is to split your income into three categories of spending: 50% on needs, 30% on wants, and 20% on savings. This simple and logical approach to building wealth can assist you in creating a realistic budget that you can follow over time to achieve your financial objectives.

Coinsquare’s year in review for 2023

As the year comes to a close, it’s time to look back and reflect on the highlights and accomplishments of the past 12 months. For Coinsquare, it’s been a year of growth and expansion. In early 2022, we announced that we planned to expand our platform and add new features and services. This included the launch of the new Coinsquare, which introduced a number of advanced features and tools to help our users trade more efficiently and effectively. This was a major milestone for us, as it made it easier than ever for our users to access and trade cryptocurrency,

Market Commentary – January 11th, 2023

Crypto Market At the time of writing, Bitcoin is trading at $17,500 USD and Ethereum at $1,341 USD. Crypto markets are infamous for their volatility, however in spite of this, the holiday break was exceptionally quiet. Realized volatility over December for BTC declined to multi-year lows of 24.6%, of which there are very few instances with similar levels. However, all prior examples preceded much higher volatility environments on the road ahead, with most trading higher, and just one (Nov 2018) trading dramatically lower. On-chain activity for Ethereum and Bitcoin remain low. Bitcoin inflow volumes to exchanges are currently between $350M

Market Commentary – December 13th, 2022

Crypto Market At the time of writing, Bitcoin is trading at $17,715 USD and Ethereum at $1,310 USD. According to blockchain analytics firm Kaiko, historically, the BTC-USD versus BTC-USDT trading volume could be considered an indicator of institutional inflows into crypto, as institutional investors would typically buy BTC using fiat directly instead of using an onramp like the USDT.  The dominance of USDT based BTC trades have risen to 84%, implying that USD trades only made up 16% of trading volume, a level seen just before the COVID selloff and way before the start of the 2021 bull market. While

Market Commentary – November 29th, 2022

Crypto Market At the time of writing, Bitcoin is trading at $16,300 USD and Ethereum at $1,207 USD. The cryptocurrency market has continued to consolidate after a chaotic few weeks, with prices trading within a narrow range. As the dust settles following the collapse of FTX, the aggregate response of Bitcoin holders is slowly becoming clearer. A key question is whether the recent sell-off can be better characterized as simply a continuation of the bearish trend, or perhaps a trigger of a deeper psychological shift amongst investors. Among all Bitcoin holders, the entities holding < 1 BTC (also labelled as

Coinsquare’s commitment to protecting your crypto assets

A letter from Martin With recent liquidity issues in the crypto market this week and the turmoil that has ensued, I wanted to confirm how Coinsquare’s position as a fully regulated IIROC investment dealer uniquely protects your account and your crypto asset investments.  Coinsquare embarked on a journey to become the first fully IIROC regulated crypto asset trading platform over two years ago. It was an ambitious roadmap, but we were convinced it was the right thing to do for our customers and the industry in general. On October 12, 2022, Coinsquare became North America’s first and only IIROC Crypto-Asset

Market Commentary – November 9th, 2022

Crypto Market At the time of writing, Bitcoin is trading at $17,600 USD and Ethereum at $1,215 USD. Bitcoin made a new 52 week low yesterday (Tuesday Nov 8th) as crypto markets fell after the events that unfolded between FTX and Binance this week. This past Sunday, Binance’s CEO, Changpeng ‘CZ’ Zhao, announced that his exchange is liquidating its stash of FTX’s native token FTT—prompting a rush of withdrawals from FTX users, with weekly stablecoin outflows from FTX reaching $451 million. CZ said that he “won’t support people who lobby against other industry players behind their backs,” in an apparent

Coinsquare’s commitment to transparency and risk management 

Coinsquare is Canada’s first registered crypto IIROC investment dealer and marketplace member. Canadians now have the opportunity to invest in crypto, knowing that they benefit from the high level of operational compliance and business conduct required of IIROC dealers and the protections afforded to clients of traditional regulated IIROC dealers. Our regulatory status means you can count on the same high standards that you have come to expect from any IIROC-regulated dealer, regardless of unpredictable market conditions. Coinsquare has implemented robust protocols, safeguards, and industry-leading security technology, and we continue to protect your assets and ensure their availability regardless of

Market Commentary – October 27th, 2022

Crypto Market At the time of writing, Bitcoin is trading at $20,700 USD and Ethereum at $1,575 USD. According to Glassnode, there has been a marked shift in balance change behaviour by most Bitcoin wallet cohorts. All ranges of Bitcoin holders from less than 1 BTC to Whales (up to 10k BTC) have altered their behaviour from one of net balance decline and distribution (selling their Bitcoin), and towards one of net accumulation and balance increase (buying Bitcoin). This suggests that market participants consistently have a tendency towards buying and  accumulation at range lows. Glassnode’s data on crypto trading platforms