Coinsquare, a Toronto-based digital currency platform, has announced a new mobile trading app designed to make it easier to buy and sell cryptocurrencies in Canada.
On Monday, Quick Trade was officially introduced, which allows you to make transactions with Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BTC) without commission. The company said that a total of 15 trading pairs were available at the time of launch, and “many digital assets will be available in the coming months.”
The app is available on Android and Apple devices along with the existing Coinsquare mobile app, which is an extension of the online trading platform.
In addition to commission-free trading, the new app enables instant funding via Interac e-Transfer – a major upgrade from Coinsquare’s existing funding window, which could take up to two days.
Coinsquare says Quick Trade includes a simplified Know Your Customer process that lets you verify new users almost instantly.
Stacy Husak, who was appointed CEO of Coinsquare in November after serving as attorney general and privacy spokesperson, said:
“The easy-to-use login and user-friendly interface to Quick Trade gives Canadians an easy and secure way to invest in digital assets […] The new Quick Trade app is part of our commitment to offer Canadians the most relevant, comprehensive and secure investments. Experience.”
Coinsquare renewed its management team last year after the CEO, president, and CEO resigned on charges of the laundry trade or artificially increasing trading volume. A settlement agreement with the Ontario Securities Commission specified that the three executives would not be in leadership positions at Coinsquare for three years. Under Hoisack’s leadership, the company strengthened its regulatory focus.
Canadians have seen a steady flow of new digital currency exchanges since 2019, when Newton launched free cryptocurrency services. Wealthsimple, one of the nation’s largest microinvestment apps, introduced crypto services in September 2020.