One of Canada’s leading names in cryptocurrency is expanding their platform to help other businesses develop a digital currency platform.
Coinsquare has announced the launch of their Coinsquare Licensing division to help both Canadian and international companies offer their own digital trading solution, all powered by Coinsquare’s tech. Based in Toronto, Coinsquare is one of the largest cryptocurrency trading platforms in the country, helping customers buy bitcoin, ethereum and other digital currencies.
In Canada, Coinsquare will partner with businesses to extend their licensing platform to them and offer an API solution. That will allow partners to easily integrate new or existing applications into the company, giving users and customers easy access to digital currency trading.
It’s a bit different for international partnerships, as Coinsquare will work with companies to launch white-labelled platforms—meaning a product from one business that another business rebrands—that will allow for consistent branding in different markets. This allows outside partners to customize and tailor experiences based on their location.
“We’re thrilled to be announcing the launch of Coinsquare Licensing,” said Cole Diamond, CEO of Coinsquare. “The demand for a product like this is a testament to the growing appetite for digital currency integration both in Canada and abroad. We look forward to working closely with businesses around the world to offer a digital currency solution that best suits the trading needs of their clients.”
Coinsquare Licensing is already live in Canada and Europe, and a partnership with DLTα 21 has also been unveiled. DLTα 21 is a blockchain investment bank based in Vancouver, and together with Coinsquare they will launch a cryptocurrency trading platform in Japan using the latter’s current platform. That Japanese platform will have its own branding but operate based off Coinsquare’s stack. It has received all regulatory approval necessary in Japan and will help citizens buy and sell digital currency in a safe and secure manner.
“I’m excited for this monumental step in Coinsquare’s history,” said Diamond. “Working with a world-leading investment firm like DLTA 21 to bring a safe, secure, easy digital currency buying and trading experience to Japan is a thrilling next step in Coinsquare’s mission. Japan is a unique market and we’re looking forward to offering our platform’s capabilities to the Japanese market.”
Based on how the expansion through Japan goes, DLTA 21 will look to expand into other Asian markets under their brand.
Leah Carr, VP of licensing at Coinsquare, launched Licensing in March 2018. She was also responsible for launching Coinsquare Wealth.
Coinsquare has experienced rapid growth over the past year, even as the meteoric growth of cryptocurrency subsided. Earlier this year, the company raised a $30 million equity financing round and announced they would be adding 100 new hires. Coinsquare even managed to land on the 2018 edition of the Narwhal list, a Canadian equivalent to unicorn status that tracks the fastest-growing businesses in the country.