Coinsquare has revealed its intention to expand to Japan. The Canadian cryptocurrency exchange awaits the decision of the Financial Services Agency.
The upcoming platform will be released under the brand of Dlta21x. The company eyes now the Japanese market, planning in the near future to enter other Asian markets.
Coinsquare has enjoyed its customers with two announcements on 10th July. The first one is the official release of Coinsquare Licensing aiming to “enable domestic and international businesses to offer a digital currency trading solution powered by Coinsquare’s technology.” Furthermore, the crypto company has confirmed that it has started collaborations with several firms in the EU and Canada to release white-labeled platforms.
The second announcement is its plan to expand to Japan using Coinsquare Licensing. The project will be developed in partnership with Dlta 21 Blockchain Corp (Dlta21), formerly known as Protos Blockchain Corp.
“The new trading platform is to be launched under the Dlta21x brand name after receiving all required regulatory approvals in Japan,” as reported by Coinsquare.
About Coinsquare and Dlta21
Coinsquare is a Canadian cryptocurrency exchange founded in 2014, which provides trading support for Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), and DASH. As described, the crypto exchange is “Canada’s most secure digital currency trading platform,” having a “95% cold storage policy on all digital currency.”
Dlta21 is an investment firm dedicated to blockchain-based startups. The company supports financial “early-stage distributed ledger technology startups” and operates “a cryptocurrency trading operation backed by advanced quantitative algorithms,” as written on its website.
The companies claimed that “while customers in Japan will be the initial focus of the Dlta21x cryptocurrency exchange, based on applicable laws, regulations and restrictions, going forward Dlta21x plans to expand to other Asian markets as well.”
This year, Coinsquare revealed its plans to launch an Initial Public Offering (IPO) in September in order “to help finance an overseas expansion.” “We believe that we will be a strong competitor to Coinbase and other exchanges in the U.S. by the end of the year,” CEO Cole Diamond told Financial Post.