Coinsquare Exchange From Canada To Raise A $30 Million Funding
Canadian exchange Coinsquare has raised $30 million in a new funding by Canaccord Genuity Corp.
In just 4 months the company has raised $47.3 million in total, according to official report. Coinsquare is planning to dedicate the new funding and diversification strategy focused on making the platform more receptive for customers.
“We have seen tremendous investor confidence in the Coinsquare business model, having raised a total of $47.3 millionin just over four months – notable for this industry,” says Cole Diamond, CEO of Coinsquare. “We take a very different view than your typical digital currency trading platform. Virgile Rostand, Coinsquare’s Founder, was an early industry pioneer and blue-chip banking industry veteran. He built a custom platform that is unrivaled in Canada, boasting extremely high security standards.”
The exchange’s plans include a strategic investment in cryptocurrency mining, the launch of CoinCap Funds, which focuses on investments across the digital asset landscape and also a Trading and Arbitrage division to hedge coin and currency exposures.
Also the company announced that a number of financial veterans have joined the executive team.