Coinsquare, the Canadian cryptocurrency exchange platform has announced that it has closed on a deal to bring in $30 million of investment, a record amount. It is the first of what many within the company and industry assume will be an exciting 2018 for the exchange.
\r\nThe equity finance package was led by Canaccord Genuity Corp., the $30 million adding to previous investment totals which now mean it has acquired $47.3 million in the last four months alone.
\r\nThis latest investment deal is thought to be the funding that the company requires to take a stab at global growth in the coming year. It aims to diversify the strategy on the table, and make the platform a much more intuitive and responsive service for all customers, as digital currency becomes a more mainstream investment.
\r\nPlans for 2018 include diversifying its blockchain and currency operations for high growth opportunities, creating cross-exchange opportunities, and offering a white label and license service to countries around the world. Coinsquare offers its users high-end security protocols and has continued to grow since being founded in Canada in 2015. With over 100,000 users so far, the next step of global growth seems a distinct possibility with this recent investment.
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