BTC Wires: A crypto exchange from all the way in Canada is stepping into the European market to aid businesses to use Ripple-to-fiat and other pairs. Coinsquare, the exchange in question, is quite well-known in Canada and is now initiating its foray into the European market despite the recent slump in crypto. 2018 has been a rather disappointing year for cryptocurrencies in general and the Coinsquare decision to move forward with its expansion plans anyway comes as a bit of a surprise. Although crypto market has fallen by 75% in combined value over the last few months, the firm is optimistic that it will successfully fulfill its plan to enter the European market by Quarter 4 of this year.
According to the press release of the exchange, the startup plans to offer the entirety of the European market with its complete kit, which includes support for trading on a wide variety of tokens such as Bitcoin, Ethereum, Bitcoin Cash, Litecoin, XRP, Dash and Dogecoin. The USP of the platform would be the superior security the exchange is known for in its home country.
The chief digital and growth officer of the crypto exchange, Thomas Jankowski has remarked that given crypto investors around the world are looking for a reliable platform with top notch security, Coinsquare truly fits the bill with its completely compliant and well-read trading platform. He added that they are incredibly excited to bring to Europe the security and intuitiveness of the platform that’s so well-loved among Canadian investors.
The exchange, which is originally from Toronto, had earlier hinted at plans to make forays into US and Europe. CEO Cole Diamond sounded very excited when he remarked on the expansion. He said that they are extra careful in implementing their expansion plans since they have a reputation to maintain and a standard to keep up to, given how they have already raised the bar while operating in Canada.
Just a month ago, the company had made inroads into the Japanese market, considered an ambitious and even borderline risky move by several observers. However, the company seems adamant to make the best of this bearish market, by aggressively cornering competition and establishing a loyal user base in Japan, Europe and beyond. It remains to be seen whether their efforts bear fruit and their vision realized.