Canadian Coinsquare Exchange Starts Work in Japan
The Canadian Coinsquare Exchange has announced the intention to enter the Japanese market. Now, the company is waiting for the issuance of a license by financial regulator of the country. The new trading platform will be launched under the Dlta21x brand. Initially, the company will focus on the Japanese market. However, after, it is planned to enter the Asian markets.
Representatives of the company Coinsquare made two announcements. First one is the official launch of Coinsquare Licensing to “enable domestic and international businesses to offer a digital currency trading solution powered by Coinsquare’s technology.” The company also revealed that it has already partnered with some businesses in the EU and Canada to launch white-labeled platforms.
The second announcement is its plan to enter the Japanese market using Coinsquare Licensing. The launch will be in collaboration with Dlta 21 Blockchain Corp (Dlta21), formerly Protos Blockchain Corp.
Coinsquare was founded in 2014, offers its customers the purchase, sale and exchange of such cryptocurrencies as BTC, BCH, ETH, LTC, DOGE and DASH. Representatives of the company note that their exchange is one of the safest for cryptocurrency trading in Canada. Coinsquare Mining, based in Quebec also belongs to this company.
Speaking about Dlta21x, it's a venture company focused on blockchain start-ups. The company manages cryptocurrency trading operations, which are supported by advanced quantitative algorithms.
Earlier, Coinsquare published its plan for the ICO, which would, in their opinion, help finance foreign expansion. CEO of the exchange noted that they have every chance to become the leading world crypto exchange by the end of the year, which would seriously compete with such a trading platform as Coinbase.
The Financial Services Agency of Japan (FSA) has approved the work of 16 crypto exchanges. This amount is explained by the fact that after the January hack of Coincheck, the control over this industry was toughened.