Coinsquare, a little-known Canadian crypto exchange, is entering the European market to help businesses in the flowering industry with fiat pairs, including Ripple-to-fiat. To be frank, the cryptocurrency market hasn’t had the best start to 2018, with the collective value of all crypto assets declining by a staggering 75%. However, this downtrend has not perturbed Coinsquare, one of Canada’s most popular exchanges, as the startup still intends to move forward with its plan to expand into new regions.
On Thursday, Coinsquare issued a press release, which revealed that it would be going forward with its move to enter Europe by Q4 0f 2018. As per the release, the Canadian startup intends to offer all of Europe with the whole kit and caboodle, including support for the trading of Bitcoin, Bitcoin Cash, Ethereum, Litecoin, XRP, Dogecoin, and Dash, along with “the safety and security that the trading platform has become known for in Canada.” Thomas Jankowski, the chief digital and growth officer of the exchange, commented on this expansion plan, noting:
“Cryptocurrency investors globally want a platform they can trust. Coinsquare is a regulated, fully-compliant trading platform and we’re thrilled to offer the European market the same secure and intuitive interface that we offer to Canadians.”
Many saw this move as a long time coming, as the Toronto-based exchange, which was founded in 2014, alluded to the fact that the U.S. and European markets were on its radar in the past. Expressing his excitement for this foray and the vision for his brainchild, Coinsquare CEO Cole Diamond, stated:
“Entering on a massive market like the EU is an exciting step closer to Coinsquare’s vision of becoming a global 21st century financial institution,” said Cole Diamond, CEO of Coinsquare. “Already the premier cryptocurrency exchange in Canada, we are careful in how we expand internationally to ensure we can offer the same high quality, secure service in every country we operate.”