Canadian Crypto Exchange Coinsquare Lands $30M in Funding


Coinsquare, a Canadian cryptocurrency exchange, has raised $30 million in equity financing in order to help expand its growth, the company announced today.

The money will be used for new hires and for the implementation of a “diversification strategy” for its platform focused on customer needs, the company stated today in a press release. The $30 million comes after the company has raised $47.3 million in additional funding over a four month period, according to the company announcement.

In addition to  hiring about 100 new employees over the next few months with the financing, the company has recruited new chief financial, operating, and business officers to oversee further development of the platform.

Read more at CoinDesk and Newswire.

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