Coinsquare, one of the largest digital currency exchanges in Canada, has simultaneously launched across 25 countries in the European Union (EU), the company announced this Wednesday.
According to the statement, the move has expanded the trading platform’s market opportunity by a significant 1,200 percent. Now, customers based in Europe have access to all of the crypto firm’s major services, including the buying and trading of virtual currencies such as Bitcoin, Ethereum and more.
In addition, EU clients will also be able to use the company’s wealth concierge services, Coinsquare APIs for B2B clients, and Coinsquare Capital Markets for institutional and family office investors. Furthermore, European customers are now able to fund their accounts using a variety of funding methods, the statement said, without going into more detail.
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Commenting on the launch, Cole Diamond, the CEO of Coinsquare said: “From our earliest days, Coinsquare has been focused on building the most compliant and secure trading business in the cryptocurrency space.”
“After building a great deal of new infrastructure, achieving a successful third party financial audit, and securing top-tier Canadian banking, we felt the time was right to expand our offering to another market. We decided to begin with Europe given the size of the opportunity and our ability to offer something unique to that market.”
Coinsquare Fulfills its Promise
The launch fulfills Coinsquare’s earlier promise in August that it would begin its operations in Europe by the fourth quarter of 2018, as Finance Magnates reported. This move from Coinsquare, which is often referred to as Canada’s Coinbase, marks the first international expansion for the cryptocurrency firm. To date, its services have only been available to Canadian customers.
“Europe is a rapidly-growing cryptocurrency market and the cryptocurrency community there is excited to have an option that puts security, compliance, and risk management at the forefront of its offering,” Diamond added.