http://www.ThinkingCrypto.com Coinsquare, one of Canada’s biggest digital currency exchanges, is targeting about C$150 million ($120 million) in an initial public offering in September to help finance an overseas expansion. Coinsquare plans to sell shares through an IPO on the main Toronto Stock Exchange.
Crypto exchanges have earned a bad reputation, and the best way for Coinsquare to convince investors that it’s transparent and trustworthy is to go through an IPO with its stricter disclosure requirements, the CEO said.
Plan to add Ripple XRP to currencies and expand to U.S. and U.K. Also plan to launch one digital currency per month for the foreseeable future,” the CEO said. At present, it supports trading of Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dogecoin, Dash and Squarecoin.
“The United States and the U.K. market are next,” Coinsquare Chief Executive Officer Cole Diamond said in an interview Tuesday, adding he expects to be operating in those markets in the second quarter. “We believe that we will be a strong competitor to Coinbase and other exchanges in the U.S. by the end of the year.”
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