A Comprehensive Guide to the Regulated Cryptocurrency Exchange
CoinSmart established itself as a leading Canadian-headquartered digital asset trading platform, designed with the mission of making the buying, selling, and holding of cryptocurrencies both accessible and secure for a broad audience. While originally operating independently, CoinSmart has since been acquired and integrated into the broader ecosystem of WonderFi Technologies Inc. and Coinsquare Ltd., forming one of Canada's largest and most regulated crypto asset trading platforms. This overview focuses on the platform's core functionalities, regulatory status, and the valuable features that appealed to both novice investors and experienced traders in the Canadian market and beyond.
What is CoinSmart?
CoinSmart, launched in 2018, was engineered to simplify the complex world of cryptocurrency trading. It gained prominence by being one of the first Canadian crypto trading platforms to achieve regulatory compliance, registering as a restricted dealer and later a marketplace with Canadian securities regulators, including the Ontario Securities Commission (OSC). This focus on regulatory adherence made it a trusted name, particularly for users prioritizing security and governmental oversight. The platform's commitment extended beyond just offering trading; it provided a suite of tools, educational resources, and unparalleled customer support, ensuring that new entrants to the crypto space felt comfortable and supported. It supports popular crypto assets like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and many others, offering a robust environment for portfolio diversification. The integration into the Coinsquare ecosystem further solidified its position as a key component of a leading, compliant digital asset platform in Canada, promising enhanced services and stability.