Canadian Crypto Exchanges Coinsquare and CoinSmart to Merge

Digital assets broker Coinsquare has signed a deal to purchase fellow broker CoinSmart in a deal for a combination of cash and stock.

This deal has a current value of close to $30 million Canadian dollars. Performance incentives for CoinSmart’s SmartPay business and over-the-counter services could add up to another $20 million though.

The deal is expected to close in the fourth quarter and the combined company will have more than $350 million in assets under custody and a customer base topping 1 million.

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