Coinsquare Leads the Way, Becomes Canada’s First Cryptocurrency Trading Platform, Registers as an Investment Dealer and IIROC Member, Canadian Business Journal

TORONTO, OCTOBER 12, 2022 (GLOBE NEWSWIRE) — coin square, Canada’s longest-running cryptocurrency trading platform, today announced that the Investment and Industry Regulatory Organization of Canada (IIROC) has approved Coinsquare’s dealer registration and IIROC membership. This regulatory status positions Coinsquare as his IIROC registered investment dealer and marketplace member, the first crypto-only Canadian market in all provinces and territories.

Coinsquare went straight to IIROC registration. This imposes higher regulatory standards familiar to customers and provides maximum protection for investors. Competitors must follow the same rigorous path to meet IIROC regulatory standards within two years of obtaining a provisional restricted dealer license. Operating under a restricted dealer license will allow the cryptocurrency trading platform to operate within restricted parameters while it prepares for permanent registration with IIROC.

When trading with IIROC registrants, Coinsquare customers will have additional peace of mind and security knowing that Coinsquare operates under the highest level of dealer compliance and oversight under the existing regulatory system. can be obtained.

Client benefits of being IIROC regulated:

• We use licensed, independently regulated and insured custodians to ensure complete segregation and custody of client assets.
• Strong financial and operational controls, including insurance coverage, regular financial reporting, and maintaining adequate capital to ensure stable operations of the business.
• Fair Pricing Obligation: Clients get transparent and fair pricing when trading on Coinsquare and can expect the same top-notch execution quality expected of traditional Canadian investment dealers.
• Insolvency Protection: Cash held in customer accounts is insured against platform insolvency by the Canadian Investment Protection Fund (CIPF).
• Compliance Monitoring and Review: Coinsquare’s business conduct, supervisory processes, employee proficiency, internal governance, and trading activities are monitored and subject to regular inspection.

“Today, trading cryptocurrencies in Canada means investing outside the safeguards and safeguards inherent in a fully regulated traditional financial system,” said Martin Piszel, CEO of Coinsquare. “Today, Coinsquare has become the only registered cryptocurrency IIROC dealer and marketplace member. can be obtained.”

In addition to being an IIROC Investment Dealer, Coinsquare is also approved to operate a regulated Alternative Trading System (ATS). Coinsquare plans to develop the ATS model over time to provide a liquid and transparent marketplace, the same way traditional stocks are traded. Coinsquare believes this model addresses the problem of illiquid book trading in the current fragmented retail cryptocurrency environment.

As cryptocurrency adoption grows, Coinsquare is working to bridge the gap between traditional financial markets and decentralized ecosystems. Ii Rock has traditionally overseen all investment dealer and trading activity in the Canadian bond and equity markets. Most recently, the IIROC took over the regulation and supervision of cryptocurrency trading in Canada. Coinsquare’s 500,000+ users can trade over 40 individual cryptocurrencies and over 820 coin-to-coin pairs by registering with IIROC, confident they are protected by the highest levels of compliance and regulatory oversight I can do it.

Recently, Coinsquare made the exciting announcement that it has entered into a definitive agreement with CoinSmart Financial Inc. to purchase its crypto trading platform. This makes Coinsquare one of Canada’s largest crypto trading platforms.

About Coinsquare:
Founded in 2014 with a mission to create an open and regulated financial platform, Coinsquare’s mission is to modernize finance for everyone using blockchain technology. Coinsquare believes that financial products should be easy to use, open and transparent, so we founded the company to simplify and enhance the way financial assets are managed, traded and transferred. As of today, Coinsquare trades on behalf of over 500,000 Canadians and to date he has raised over $100 million and successfully executed over C$8 billion in transactions. doing. Most recently, with the acquisition of CoinSmart, Coinsquare has grown into one of Canada’s largest digital asset companies.

For more information, please visit: www.coinsquare.com.

Contact details:
Waxman PR
Email: [email protected]

coin square
Email: [email protected]

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