Coinsquare to acquire CoinSmart.

Coinsquare, a Canada’s crypto asset trading platform, completed the acquisition of CoinSmart, a Canadian-headquartered crypto asset trading platform. Financial terms were not disclosed. “This acquisition represents a monumental and exciting milestone for both companies and brings together two industry leading management teams. The cryptocurrency market is going through immense change with regulators defining a roadmap for platforms to operate in Canada. This has led to an ever-increasing cost structure and additional complexity in operating a viable crypto exchange. We feel that scale and operational efficiency matter, and we are well positioned to play a leading role in defining the space in Canada,” Martin Piszel, Coinsquare CEO.