Coinsquare acquires publicly traded crypto exchange CoinSmart
Cointelegraph
Published Sep 23, 2022 11:00AM ET
Updated Sep 24, 2022 01:00PM ET
Canada’s crypto exchange landscape appears to be consolidating after Coinsquare, one of the largest digital asset trading platforms in the country, acquired CoinSmart for an undisclosed amount.
On Thursday, Coinsquare announced that it had entered into a definitive agreement to purchase all issued and outstanding shares of CoinSmart’s wholly-owned subsidiary Simply Digital. Once the deal becomes final, CoinSmart will hold a roughly 12% ownership stake in Coinsquare on a pro-forma basis.
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Written By: Cointelegraph
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