The Coinsquare exchange has earned $ 30 million
Having sold out a portion of its own shares, the Canadian Coinsquare Exchange has raised $ 30 million.
As reported on February 8, most of the stock exchange shares were bought by the financial company Canaccord Genuity. The proceeds of the money, according to the representatives of the exchange, will be directed to the implementation of global development plans and diversification strategies, which will eventually make the platform more convenient for the mass user.
The development plan assumes that the stock exchange in the coming months will hire about 100 new employees, which will allow it to expand the staff to 200 people by the end of the second quarter of this year.
In January, Bloomberg Markets reported that Coinsquare intends to expand its operations to the US and UK markets, and plans to conduct an IPO in Canada, tentatively in September 2018.
The exchange hopes that the listing of shares on the market will give it weight in the eyes of potential investors.
Cole Diamond, CEO of Coinsquare, said:
“Our company participates in the race, but we are striving to do everything properly. Our strategy is the old-fashioned, proven method of placing shares on the Toronto Stock Exchange. ”
Diamond also says that its stock exchange is planning to open trading on a new cryptocurrency every month, starting in February.
Coinsquare employees add that the expansion plans of the exchange include investments in the development of mining systems, the launch of a commercial arbitration department and the creation of investment funds focused on the area of digital assets, which will be called CoinCap Funds.