English | 简体中文 | 繁體中文 | 한국어 | 日本語
2021年3月5日 9時17分 JST
Share:
    

Source: CoinSmart
CoinSmart Closes CAD$4.5 Million Seed Funding; Plans to Expand into Europe

ONTARIO, CA, 2021年3月5日 - (JCN Newswire) - Canada-based cryptocurrency exchange CoinSmart has announced the closing of a CAD$4.5 million (roughly US$3.5 million) seed funding round and extensive plans to expand into Europe.

CoinSmart, owned by Simply Digital Technologies, told CoinDesk in a statement Monday the investment was raised earlier this year through the issuance of interest-bearing convertible debentures, a type of debt instrument. Investors in the round were not disclosed.

The funding will be used to expand CoinSmart's platform into European markets and support operational changes. It will also help Simply Digital Technologies prepare for a planned reverse takeover ahead of a hoped-for public listing on the TSX Venture Exchange, said the firm.

Enabling its European expansion, CoinSmart said it has obtained a Financial Intelligence Unit license issued in Estonia. "CoinSmart's fundamental mission is to make cryptocurrency accessible for people of all experience levels," said CoinSmart CEO Justin Hartzman. "We're excited about the ways in which crypto can help streamline payments within Europe's financial system and subsequently better serve and protect our customers."

Coinsmart (bit.ly/38b7IkQ): Justin Hartzman CEO (https://www.coinsmart.com)
Source: Plato Data Intelligence (Zephyrnet.com)

トピック: Press release summary
Source: CoinSmart


https://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2022 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 

CoinSmart Releated News
Sept 23, 2022 22:53 HKT/SGT
CoinSmart Announces Acquisition by Coinsquare, Creating one of Canada's Largest Crypto Asset Trading Platforms
Feb 7, 2022 23:58 HKT/SGT
CoinSmart Announces Increase in Key Performance Metrics
Apr 16, 2021 08:00 HKT/SGT
CoinSmart Appoints Joe Tosti as Chief Compliance Officer
Mar 5, 2021 08:17 HKT/SGT
CoinSmart Closes CAD$4.5 Million Seed Funding; Plans to Expand into Europe
More news >>
Copyright © 2022 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575