Coinsquare, the cryptocurrency exchange based in Canada, announced the closure of the investment round under the control of Canaccord Genuity. The site managed to attract $ 30 million. The last round of the Rounds A was held in December 2017 – then Coinsquare received $ 10.5 million, but did not disclose the name of the asset management company responsible for financing.
“We see a huge confidence of investors in the business model of Coinsquare. In just four months, we attracted $ 47.3 million – a remarkable result for this industry. We have a completely different approach, unlike most other platforms for trading digital currencies. Virgil Rostand, the founder of Coinsquare, was a pioneer in this field and a veteran of the banking industry. He built an unsurpassed platform in Canada, using very high standards of security, “Coinsquare executive director Cole Diamond said.
Currently, the company has 90 employees, but in Coinsquare plan to increase the staff to 200 people before the end of the second quarter of 2018. According to the site itself, its database includes more than 100,000 registered customers.