Three Canadian cryptocurrency companies, CoinSmart, Coinsquare, and WonderFi-owned Bitbuy and Coinberry, announced a merger to create Canada's largest crypto asset trading platform with over 1.65 million registered users. The merged company will have transacted over $17 billion since 2017 and have over $600 million in assets under custody. The three companies are expected to be consolidated under Coinsquare, which became the first Canadian platform registered with the Investment Industry Regulatory Organization last October. The merger confirms separate plans the three companies have been working on in recent months, and the move will create a "safe, secure, scalable, and regulated trading platform that can compete with the unregulated global exchanges still operating in Canada," said Coinsquare CEO Martin Piszel.

(By VALIDA PAU)