Coinsquare Crypto Exchange Eyes $120 Million IPO in Canada
- Plans to add Ripple to currencies and expand to U.S. and U.K.
- Seeks listing on Toronto Exchange, not via reverse takeover
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Coinsquare, one of Canada’s biggest digital currency exchanges, is targeting about C$150 million ($120 million) in an initial public offering in September to help finance an overseas expansion.
“The United States and the U.K. market are next,” Coinsquare Chief Executive Officer Cole Diamond said in an interview Tuesday, adding he expects to be operating in those markets in the second quarter. “We believe that we will be a strong competitor to Coinbase and other exchanges in the U.S. by the end of the year.”