Canadian crypto exchange Coinsquare to buy rival CoinSmart

Canadian crypto exchange Coinsquare to buy rival CoinSmart

Canadian crypto exchange Coinsquare is set to buy rival CoinSmart Financial in a deal worth around C$29 million in cash and shares. The two firms have inked a definitive agreement, creating one of Canada's biggest crypto exchanges with over $350 million in assets under custody and a userbase of more than a million. Privately-held Coinsquare will pay $3 million in cash and issue 5,222,222 shares to publicly-traded CoinSmart to buy the latter's operating subsidiary Simply Digital Technologies. CoinSmart will hold …