User:Arya Mattu/sandbox

= Coinsquare (Company) = Coinsquare is a Canadian-based cryptocurrency exchange platform. Headquartered in Toronto, Canada, the platform allows Canadians to trade cryptocurrencies such as Bitcoin, Litecoin, Ethereum, and other digital assets. The company was established in 2014 by Virgile Rostand and is the first crypto exchange platform regulated by the Investment Industry Regulatory Organization of Canada.

Overview
Coinsquare is a crypto exchange platform made exclusively for Canadians. The company's main service is to allow users to buy, trade, and sell cryptocurrency akin to Coinbase in the United States. Coinsquare's mission statement states that it “wants to modernize finance for all” and “simplify and enhance how financial assets are managed, traded, and transferred.

Since its inception in 2014, the company has become one of Canada’s largest Crypto exchanges, with over half a million users using its platform. The company has raised over $100 million in capital and created trades of more than $8 billion. The company's revenue is estimated to be around $50 million.

Establishment (2014-2016)
Coinsquare was established in 2014 after founder and current President Virgile Rostand saw the increasing financial opportunities provided by the growth and rise of Bitcoin. Leveraging his background in math and financial engineering, Rostand built the Coinsquare platform and released it in 2014.

Growth and Expansion (2017- 2021)
In 2017, Coinsquare hired one of its first employees Cole Diamond as the CEO. The company also raised $30 million in venture capital funds. The company would also go on to fill out its remaining executive positions adding a Chief Operating Officer, Chief Financial Officer, Chief Business Officer, and Chief Anti-Money Laundering Officer.

Present Day (2021- Now)
In 2021, the company changed CEO's with Martin Piszel taking the helm. In July 2022, the company announced that it was laying off 24% of its workforce, citing market conditions and a focus on becoming a regulated crypto exchange. The latter came true as in October 2022, Coinsquare became an official member of the Investment Industry Regulatory Organization of Canada.

In September 2022, the firm announced its intention to buy fellow crypto exchange company Coinsmart for $29 million. Since then, the company has backed out of this deal, citing the high cost of acquiring a public company. As a result, In February 2023, Coinsmart announced its intention to seek recompense. In November 2022, Coinsquare revealed that it did have a data breach, in which users' IDs, phone numbers, emails, and other credentials were exposed. The company maintained that no passwords or funds were revealed or taken.

On April 3rd, 2023, a merger between Coinsqaure, CoinSmart Financial Inc, and WonderFi Technologies Inc, was announced. The combined company is set to create one of the largest regulated crypto asset trading platforms, servicing over 1.65 million Canadians, and creating a company with $600 million in assets. As part of the newly announced merger, the majority ownership of the combined company will be held by Coinsqaure shareholders, who will possess a 43% stake in the entity.

Trading Platform
Coinsquare's main product is its trading platform. Here users can buy and sell over 45 different cryptocurrency coins. The platform has three different tiers :


 * 1) Coinsquare Trade is the company's most basic product. It allows users to buy and sell cryptocurrency, with minimal additional features
 * 2) Coinsquare Pro is a more advanced product that allows users to access various tools like depth charts, live order books, and advanced fill instructions. This product is targeted toward day traders and individuals who take crypto investment more seriously.
 * 3) Coinsquare Wealth is Coinsquare's most advanced trading platform service. This product targets individuals who make high-volume trades daily. With this product, users have access to personal services (for example, access to IIROC representatives), OTC pricing, and access to Coinsquare's API.

Licensing
In 2018, Canadian cryptocurrency exchange platform Coinsquare launched a licensing program that enabled domestic and international businesses to utilize its software and create their own cryptocurrency exchange platforms. The licensing service offered a customizable solution that leveraged Coinsquare's technology and security measures.