COINS
$30 million Raised by Coinsquare as 2018 Promises Vast Improvements

2018-02-09 22:42:58
by Saffron Weale
img
$30 million Raised by Coinsquare as 2018 Promises Vast Improvements

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\n

The 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\n

This 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\n

Plans 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.

Similar News
img
NEWS
How SEW Capital Unlocks Funding Potential for Blockchain Startups
2025-01-16 15:52:13 | by Scan Team

The blockchain industry has grown exponentially, disrupting traditional markets and creating new opportunities for innovation.

More
img
NEWS
UAE's $40 Billion Bitcoin Hoard: Crypto Hub of the Future!
2024-12-28 17:24:29 | by Scan Team

The UAE has amassed $40 billion in Bitcoin, solidifying its ambition to become a global cryptocurrency hub.

More
img
NEWS
Craig Wright sentenced to 12 months in prison, suspended for two years
2024-12-26 16:56:13 | by Scan Team

Australian Computer Scientist Craig Wright Found in Contempt by UK High Court

More
img
NEWS
MicroStrategy Expands Bitcoin Holdings to 444,262 BTC Amid Equity Sales Concerns
2024-12-25 18:12:53 | by Scan Team

In a bold move reinforcing its commitment to cryptocurrency, MicroStrategy announced the acquisition of 5,262 bitcoins for $561 million, elevating its total Bitcoin holdings to an impressive 444,262 BTC, valued at approximately $42.1 billion.

More