Coinsquare, the Toronto-based digital forex platform, has introduced a brand new cellular buying and selling utility designed to simplify the shopp
Coinsquare, the Toronto-based digital forex platform, has introduced a brand new cellular buying and selling utility designed to simplify the shopping for and promoting of cryptocurrencies in Canada.
Fast Commerce was formally unveiled Monday, permitting commission-free transactions of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Money (BTC). A complete of 15 buying and selling pairs can be found at launch, with “many extra digital belongings to be onboarded over the approaching months,” the corporate mentioned.
The app is on the market on Android and Apple units alongside Coinsquare’s current cellular utility, which is an extension of its web-based buying and selling platform.
Along with commission-free trades, the brand new app permits for immediate account funding by way of Interac e-Switch – a substantial improve from Coinsquare’s present funding window, which might take as much as two days.
Coinsquare says Fast Commerce features a simplified Know-Your Buyer course of, permitting for near-instant verification of latest customers.
Stacey Hoisak, who was named Coinsquare CEO in November after serving as common counsel and chief privateness officer, mentioned:
“Fast Commerce’s easy onboarding and easy-to-use interface presents Canadians a easy and safe means of investing in digital belongings […] Our new Fast Commerce app is a part of our dedication to supply Canadians essentially the most user-friendly, complete and safe investing expertise.”
Coinsquare revamped its management group final 12 months after its CEO, president and chief compliance officer stepped down over allegations of wash buying and selling, or artificially inflating commerce quantity. A settlement with the Ontario Securities Fee stipulated that the three executives had been to not assume any management place with Coinsquare for as much as three years. Beneath Hoisak’s management, the agency has strengthened its regulatory focus.
Canadians have seen a gradual inflow of latest digital forex exchanges since 2019, when Newton launched no-fee crypto buying and selling providers. Wealthsimple, one of many nation’s largest micro-investing apps, launched its crypto providers in September 2020.