Coinsquare revealed it had paid USD 12 million CAD, equivalent of approximately USD 9 million, to acquire BlockEQ, a non-custodial wallet that allows crypto users to store XLM and other tokens that run on the Stellar network. With this acquisition, Coinsquare gains a foothold in the Stellar ecosystem, a foundation which it plans to leverage to provide products and services using the Stellar Network.
Moreover, the crypto exchange has begun to expand internationally, forming cross-border partnerships with companies including Japan-based startup DLTa21. It also helped at the launch of an exchange-traded fund (ETF) that invests in blockchain industry companies.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.