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Coinsquare, the crypto exchange that has been nicknamed the “Coinbase of Canada,” has acquired Stellar wallet BlockEQ as it seeks to expand its offerings beyond cryptocurrency trading. The ...
Coinsquare is a Canadian cryptocurrency exchange company regulated by the Investment Industry Regulatory Organization of Canada. [ 1 ] [ 2 ] In July 2023 Coinsquare closed a merger agreement with fellow Canadian crypto companies CoinSmart and WonderFi in a three way deal.
It’s worth noting that Binance has taken a leading role in stabilizing the crypto industry following the collapse of the FTX exchange. It has devoted $1 billion to a recovery fund established to ...
Here’s more detailed information about these crypto exchanges and why they made this list. 1. Coinbase/Coinbase Pro. Overview: Founded in the U.S. in 2012, Coinbase is one of the largest ...
In May 2022, Coinbase-backed Mara raised $23 Million to build an African crypto Exchange. [ 98 ] On June 14, 2022, the company announced it would be laying off approximately 18 percent of its workforce, about 1,100 full-time jobs, amid the global downturn in cryptocurrencies and services .
In June 2018, South Korean exchange Coinrail was hacked, losing over $37 million in crypto. [198] The hack worsened a cryptocurrency selloff by an additional $42 billion. [199] On 9 July 2018, the exchange Bancor, whose code and fundraising had been subjects of controversy, had $23.5 million in crypto stolen. [200]
Volume has been astronomical in Canadian crypto ETFs after the launch of Ether ETFs on Tuesday. Bloomberg senior ETF analyst Eric Balchunas posted a screenshot to his Twitter feed on Tuesday that ...
Money serves three purposes: a store of value, a medium of exchange, and a unit of account. [107] According to The Economist in 2014, bitcoin functions best as a medium of exchange. [107] In 2015, The Economist noted that bitcoins had three qualities useful in a currency: they are "hard to earn, limited in supply and easy to verify". [108]