TORONTO--(BUSINESS WIRE)--CoinSmart Financial Inc., (“CoinSmart”) the online crypto asset trading platform that makes the buying, selling, and holding of cryptocurrencies accessible and safe for all Canadians, today announced that its wholly owned operating subsidiary Simply Digital Technologies Inc. is now registered as a restricted dealer under securities laws across Canada.
CoinSmart becomes one of only a few crypto asset trading platforms in Canada to be registered as a securities dealer at a time when the digital asset industry continues to rapidly expand.
CoinSmart is also one of the first Canadian headquartered trading platforms to have a global presence, accepting customers across 40+ countries. The Canadian securities dealer registration will accelerate CoinSmart’s momentum in rolling out numerous exciting initiatives over the coming months including:
- public listing on a regulated Canadian exchange
- the addition of new crypto assets
- the launch of a mobile app for iOS and Android devices
- extending operations to multiple exciting jurisdictions
- public listing on a European exchange
“CoinSmart is delighted to have received approval from the Ontario Securities Commission and securities regulators across Canada for CoinSmart to become registered as a restricted dealer,” said CEO, Justin Hartzman. “Today’s announcement is an important step in CoinSmart’s journey to be the largest crypto trading platform in Canada. With the digital asset industry growing at such rapid rates, this registration allows CoinSmart to continue expanding our operations in Canada and offering Canadians the best trading platform service in the country. As one of the first crypto companies in Canada to be registered under securities laws, CoinSmart is now strongly positioned to continue to grow alongside the broader industry.”
The Ontario Securities Commission Order can be found here.
CoinSmart is a leading Canadian-headquartered digital asset trading platform dedicated to providing customers with an intuitive way for buying and selling digital assets, like Bitcoin and Ethereum, combined with the seamless ability to on-ramp and off-ramp fiat. Clients' security and protection is CoinSmart's primary focus. CoinSmart is registered as a money services business with the Financial Transactions and Reports Analysis Centre (FINTRAC) in Canada and in multiple jurisdictions and as a restricted dealer with the securities regulatory authorities across Canada.
CoinSmart further builds on its mission to make cryptocurrency accessible by providing educational resources tailored to every level of cryptocurrency customer and unparalleled 24/7 omni-channel customer success/support. Offering instant verification, industry leading cold wallet storage, advanced charting with order book functionality and over-the-counter premium services, CoinSmart ensures every client's needs are met with the highest level of quality and care. For more information please visit https://www.coinsmart.com/
Cautionary Note Regarding Forward-Looking Information
This press release contains statements that constitute "forward-looking information" ("forward-looking information") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. In disclosing the forward-looking information contained in this press release, the Company has made certain assumptions, including with respect to public listing on a regulated Canadian exchange , the launch of a mobile app for iOS and Android devices, extending operations to other jurisdictions and public listing on a European exchange.
Although the Company believes that the expectations reflected in such forward-looking information are reasonable, including assumptions related to market trends and past performance of CoinSmart, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: delay or failure to receive board, shareholder or regulatory approvals; and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking information or otherwise.