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.