Declines in prices for a number of popular cryptocurrencies do not discourage exchanges from investing in cryptos. They hope that finally the technologies will meet people’s requirements and needs and will attract a much wider audience. With a view to ensure global presence, many exchanges expand their geography.

And Canada’s largest cryptocurrency exchange Coinsquare is also among this group of exchanges. As it has become known, currently the team is planning to expand into Japan.

Being established in 2014, Coinsquare is considered to be one of the most reliable and secure digital asset trading platforms in the country. The team view its main goal in creation of a blockchain-based financial service company that will meet the society’s needs.

Coinsquare takes care about the security of cryptocurrencies as well as about the privacy of their clients. The security measures include two-factor authentication and cold storage of 95% of funds.

Moreover, Coinsquare is an active participant of the crypto mining activity. The company does not only function as a simple exchange, it also offers wide investment opportunities thanks to arbitraging cryptocurrencies listed on other platforms. Making investments into its mining activities, Coinsquare ensure a strong position for itself in a situation when prices for cryptocurrencies go up again.

Recently, Coinsquare has made headlines thanks to its announcement of the launch of Coinsquare Licensing. It is a special division of Coinsquare that will allow domestic and international companies to provide a digital currency trading solution on the base of Coinsquare’s technology.

What is more, it has been found out that the company is paying a lot of attention to expanding its geography. It has plans to join forces with DLTA 21 Blockchain Corp with a view to enter the Japanese market. It also plans to strengthen its software offerings using Coinsquare licensing.

As it is known, there are 16 government-approved cryptocurrency exchanges in Japan. They have received an official permission to operate crypto platforms and their activities are regulated by the Japanese Financial Services Agency. It has also been revealed that in spite of very strict regulation, more than 100 exchanges are interested in entering the Japanese market now.

Earlier, Coinsquare has announced its plans to hold IPO on the Toronto Stock Exchange in September. Nevertheless, decreased prices for cryptocurrencies may become a reason to postpone the IPO. Several rounds of financing held by the company have enhanced the value of its private shares.

In February, the company held its most recent round of equity financing and raised $30 million. The raised funds are allocated for global expansion and business development. Moreover, Coinsquare contributes to the Canadian economy: the company is going to increase the number of its employees by approximately 200 specialists by the end of the third quarter of 2018.

The post International Expansion Continues to Drive the Growth in Crypto Exchanges appeared first on CoinSpeaker.

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