Canadian Cryptocurrency Exchange Coinsquare Plans Expanding To Asia
Coinsquare, Canada-based cryptocurrency exchange is planning a major expansion into Japan as it prepares to go public later this year.
The exchange with its headquarters in Toronto, announced this week that it had formed a partnership with DLTa21, a “global blockchain investment bank,” to launch a centralized cryptocurrency exchange in Japan.
Coinsquare already operates Canada’s third-largest cryptocurrency trading platform and will provide the infrastructure for the new exchange while DLTa21 which has offices in both Canada and Japan will spearhead regulatory compliance and other efforts at the local level.
Upon receiving regulatory approval, the Japanese platform will be the first to launch under the DLTa21X brand, which the two companies plan to expand into other Asian markets in the future.
Cole Diamond, Coinsquare CEO, in a statement accompanying the announcement said: “Working with a world-leading investment firm like DLTA 21 to bring a safe, secure, easy digital currency buying and trading experience to Japan is a thrilling next step in Coinsquare’s mission,” “Japan is a unique market and we’re looking forward to offering our platform’s capabilities to the Japanese market.”