Blockchain

Despite market volatility, the platform saw significant increases in overall volumes and new users in Q4 2021 over Q3 2021

 Coinsmart Financial Inc. (NEO: SMRT) (FSE: IIR) ( "CoinSmart" or the "Company" ) one of Canada's leading crypto asset trading platforms, today announced that despite a sustained period of risk-off selling across the digital asset market over the past few months, the company has experienced large percentage increases in a number of key growth metrics in Q4 2021 compared to Q3 2021.

CoinSmart Financial Inc. Logo (CNW Group/CoinSmart)

The platform saw an overall retail and OTC volume increase of 52.6% from Q3 2021 to Q4 2021 as well as an increase in registered users of 10.6% during the same timeframe. OTC revenues rose by 124.47% in Q4 2021 compared to Q3 2021, and CAD ETH trading volumes saw an increase of 55.56%.  This is an indication that CoinSmart's business model is well-suited to periods of market volatility in the overall crypto market.

"We started CoinSmart with the mission to open up digital asset investing to all Canadians, with a platform specifically designed to provide a transparent and secure investing environment," said Justin Hartzman , co-founder and CEO of CoinSmart. "The numbers we are reporting today highlight CoinSmart's robustness to the overall market even during periods of significant volatility. For a trading platform such as ours, providing our users with access to liquidity during periods of market volatility is the key to success, and CoinSmart is well positioned to continue to thrive during such volatility, whether from sell-side or buy-side price action."

CoinSmart also recently announced a multi-year sponsorship agreement with the Canadian Hockey League (CHL) to be their official Crypto Trading Partner sponsor across the CHL's three member leagues (OHL, WHL, QMJHL). Year 1 of the multi-year deal will see CoinSmart premium branding and signage displayed in and around rinks across multiple teams this season including in-ice logos across all CHL major events. The following seasons will see CoinSmart branding extended to 24 teams across all three leagues.

About Coinsmart Financial Inc.

CoinSmart is a leading Canadian-headquartered crypto asset trading platform dedicated to providing customers with an intuitive way for buying and selling digital assets, like Bitcoin and Ethereum. CoinSmart is one of the few crypto asset trading platforms in Canada to be registered as a securities dealer and marketplace with the Ontario Securities Commission. CoinSmart is also one of the first Canadian headquartered trading platforms to have an international presence, accepting customers across 40+ countries at a time when the digital asset industry continues to rapidly expand.

CoinSmart further builds on its mission to make cryptocurrency accessible by providing educational resources tailored to every level of cryptocurrency knowledge and unparalleled 24/7 omni-channel customer support. Offering instant verification, industry leading cold wallet storage, advanced charting with order book functionality and over-the-counter premium services, CoinSmart ensures every client's needs are met with the highest level of quality and care. For more information, please visit https://www.coinsmart.com/ .

Connect with CoinSmart: Website | LinkedIn | Twitter | Instagram | Facebook

Cautionary Note Regarding Forward-Looking Information and Other Disclosures

This press release contains statements that constitute "forward-looking information" (" forward-looking information ") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. In disclosing the forward-looking information contained in this news release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties, and other factors may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include but are not limited to: regulatory approvals. Accordingly, readers should not place undue reliance on the forward-looking information contained in this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking information or otherwise.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States . The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

SOURCE CoinSmart

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2022/07/c3573.html

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SMRT:AQN
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CoinSmart Financial Inc


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CoinSmart Announces Q1 2022 Financial Results

CoinSmart Announces Q1 2022 Financial Results

Coinsmart Financial Inc. ("CoinSmart" or "CFI") (NEO: SMRT) (FSE: IIR), a leading Canadian headquartered crypto asset trading platform, announces the release of its condensed  interim consolidated financial statements for the three months ended March 31, 2022 and related management discussion and analysis. These documents will be posted on CoinSmart's website at www.coinsmart.cominvest and SEDAR at www.sedar.com .

CoinSmart Financial Inc. (CNW Group/CoinSmart)

CoinSmart's Q1 2022 Highlights 1 :

  • Q1 2022 Gross Revenue reached $4 .2MM growing 15% YoY
  • Over the Counter Trading volume reached $113MM Growing 89 % YoY
  • Registered Users reached over 216,000 growing 191% YoY
  • Assets Under Management (AUM) reached $74 .8MM Growing 99.5% YoY
  • Company Treasury reached approximately $19MM
  • No Debt

Other CoinSmart Q1 2022 Corporate Highlights

  • Acquired over 33,700 new registered users
  • Outperformed overall crypto market by ~9% from Q4 2021 to Q1 2022 (Top 10 crypto exchange trading volume declined by ~37.7% 2 , CoinSmart retail trading volume declined by ~29%)
  • Expanded Retail and Over the Counter Trading to additional European Countries.
  • Launched an API for SmartPay as well as an SDK to make implementation easy for developers. SmartPay is a robust crypto payments processing and invoicing platform.
  • Launched new iOS and Android Mobile Apps.

CoinSmart CEO Justin Hartzman commented :

"Q1 2022 saw continued year over year growth during a quarter that experienced high volatility. I am extremely proud that our team was able to execute and continue growing our user base, ship new products and help the crypto curious enter the market. The decision to not only focus on the retail platform growth but to diversify over a number of business lines has helped our continued YoY growth against the headwinds of a poor macroeconomic environment. Q1 was highlighted by growth in Over the Counter Trading as we acquired new HNWI and institutional clients. We're looking forward to further expansion in crypto payment products and geographies as we move into Q2 2022."

CoinSmart is a leading Canadian-headquartered crypto asset trading platform dedicated to providing customers with an intuitive way for buying and selling digital assets, like Bitcoin and Ethereum. CoinSmart is one of the few crypto asset trading platforms in Canada to be registered as a securities dealer and marketplace with the Ontario Securities Commission. CoinSmart is also one of the first Canadian headquartered trading platforms to have an international presence, accepting customers across 40+ countries at a time when the digital asset industry continues to rapidly expand.

CoinSmart further builds on its mission to make cryptocurrency accessible by providing educational resources tailored to every level of cryptocurrency knowledge and unparalleled 24/7 omni-channel customer support. Offering instant verification, industry leading cold wallet storage, advanced charting with order book functionality and over-the-counter premium services, CoinSmart ensures every client's needs are met with the highest level of quality and care. For more information please visit https://www.coinsmart.com/ .

Connect with CoinSmart: Website | LinkedIn | Twitter | Instagram | Facebook

_____________________________

1 All figures are preliminary, unaudited and subject to final adjustment.


2 Coingecko Q1 2022 Cryptocurrency Report


SOURCE CoinSmart

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2022/16/c8355.html

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CoinSmart announces strategic equity investment in GASLESS, cross-bridge NFT marketplace Curate

CoinSmart announces strategic equity investment in GASLESS, cross-bridge NFT marketplace Curate

Investment in Curate builds on CoinSmart's rapid expansion in digital asset sector

Coinsmart Financial Inc . (NEO: SMRT) (FSE: IIR) ( "CoinSmart" or the "Company" ) one of Canada's leading crypto asset trading platforms, today announced its strategic investment in NFT cross-bridge marketplace, Curate . The partnership agreement includes an undisclosed investment from CoinSmart in Curate's NFT Marketplace, with an option to acquire a majority stake in the company later this year. CoinSmart expects to complete the first tranche of this investment around April 30, 2022 .

News Provided by Canada Newswire via QuoteMedia

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CoinSmart Announces 2021 Financial Results

CoinSmart Announces 2021 Financial Results

Coinsmart Financial Inc. ("CoinSmart" or "CFI") (NEO: SMRT) (FSE: IIR), a leading Canadian headquartered crypto asset trading platform, announces the release of its audited consolidated financial statements  for the year ended December  31, 2021 and related management discussion and analysis ("MD&A") and Annual Information Form. These documents will be posted on CoinSmart's website at www.coinsmart.cominvest and SEDAR at www.sedar.com .

CoinSmart Financial Inc. (CNW Group/CoinSmart)

CoinSmart's 2021 Highlights :
  • 2021 Gross Revenue reached 16.7MM growing 357% YoY
  • Company Treasury reached approximately 22MM growing 406% YoY
  • Registered Users reached over 183,000 growing 612 % YoY
  • Retail Trading Volume grew by 875% YoY
  • Assets Under Management (AUM) reached a record $74MM
  • Adjusted EBITDA 1 of approximately 2.1MM growing 216% YoY
  • No Debt
Other CoinSmart 2021 Corporate Highlights
  • 1 of only 2 crypto asset platforms to be granted status as a marketplace by the Ontario Securities Commission and all other securities regulators across Canada .
  • The only crypto asset trading platform to not only be publicly listed in Canada and Europe but to also have its marketplace registrations
  • 1 of 5 crypto asset platforms approved as a restricted dealer by Ontario Securities Commission and all other securities regulators across Canada .
  • Expanded its Retail and Over the Counter Trading to additional European Countries.
  • Launched new iOS and Android Mobile Apps.
  • In February, issued $4.5 million of convertible debentures (which were converted into common shares on October 27, 2021
  • Completed listing on NEO exchange including a concurrent subscription receipt financing for aggregate gross proceeds of $12,642,900 .

CoinSmart CEO Justin Hartzman commented:

"2021 was a very exciting year for CoinSmart. Even though we were navigating a new 'normal' and COVID continued to play a big part in our everyday lives, we saw an increased demand for crypto and its adoption worldwide. Rather than taking a backseat and waiting for things to fall in place naturally, we embraced innovation head first. We quadrupled the business and strengthened our balance sheet. We received our restricted dealer and marketplace registrations and entered the public markets all while remaining profitable. It is a testament to the incredible team that I have built at CoinSmart, and I look forward to sharing our progress with you in the coming months. I am extremely proud of what we have accomplished in 2021 and you will see much more coming from us in 2022. Let the trend be your friend!"

CoinSmart is a leading Canadian-headquartered crypto asset trading platform dedicated to providing customers with an intuitive way for buying and selling digital assets, like Bitcoin and Ethereum. CoinSmart is one of the few crypto asset trading platforms in Canada to be registered as a securities dealer and marketplace with the Ontario Securities Commission. CoinSmart is also one of the first Canadian headquartered trading platforms to have an international presence, accepting customers across 40+ countries at a time when the digital asset industry continues to rapidly expand.

CoinSmart further builds on its mission to make cryptocurrency accessible by providing educational resources tailored to every level of cryptocurrency knowledge and unparalleled 24/7 omni-channel customer support. Offering instant verification, industry leading cold wallet storage, advanced charting with order book functionality and over-the-counter premium services, Coi3nSmart ensures every client's needs are met with the highest level of quality and care. For more information please visit https://www.coinsmart.com/ .

Connect with CoinSmart: Website | LinkedIn | Twitter | Instagram | Facebook


________________________________


1 Adjusted EBITDA includes Net Income(loss) before taxes, Interest, Depreciation, RTO Listing Fees (one time- expense) and
Change in Fair Value of Convertible Debt(one- time expense)

SOURCE CoinSmart

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2022/01/c4974.html

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CoinSmart to Participate in the Canaccord Genuity Digital Disruptor Conference

CoinSmart to Participate in the Canaccord Genuity Digital Disruptor Conference

Coinsmart Financial Inc . (NEO: SMRT) (FSE: IIR) ( "CoinSmart'' or the "Company" ) one of Canada's leading crypto asset trading platforms, today announced that Co-Founder and CEO, Justin Hartzman will attend and be a panellist at the Canaccord Genuity Digital Disruptor Conference (the "Canaccord Conference") . The Canaccord Conference will be held virtually on March 8, 2022 and will focus on the emerging tech sectors of online lending, decentralized finance, and cryptocurrency exchanges.

CoinSmart Financial Inc. (CNW Group/CoinSmart)

Justin will be joining other industry leaders for the Reshaping of Exchanges by Digital Disruption panel, starting at 11:00am EST . Click here to register.

About Coinsmart Financial Inc.
CoinSmart is a leading Canadian-headquartered crypto asset trading platform dedicated to providing customers with an intuitive way for buying and selling digital assets, like Bitcoin and Ethereum. CoinSmart is one of the few crypto asset trading platforms in Canada to be registered as a securities dealer and marketplace with the Ontario Securities Commission. CoinSmart is also one of the first Canadian headquartered trading platforms to have an international presence, accepting customers across 40+ countries at a time when the digital asset industry continues to rapidly expand.

CoinSmart further builds on its mission to make cryptocurrency accessible by providing educational resources tailored to every level of cryptocurrency knowledge and unparalleled 24/7 omni-channel customer support. Offering instant verification, industry leading cold wallet storage, advanced charting with order book functionality and over-the-counter premium services, CoinSmart ensures every client's needs are met with the highest level of quality and care. For more information please visit https://www.coinsmart.com/ .

Connect with CoinSmart: Website | LinkedIn | Twitter | Instagram | Facebook

SOURCE CoinSmart

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2022/07/c6730.html

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Coinsmart Announces Donation to Ukraine Humanitarian Relief Efforts; Encourages Crypto Community to Take Part

Coinsmart Announces Donation to Ukraine Humanitarian Relief Efforts; Encourages Crypto Community to Take Part

 Coinsmart Financial Inc. (NEO: SMRT) (FSE: IIR) ( "CoinSmart" or the "Company" ) one of Canada's leading crypto asset trading platforms, today announced a donation to Ukraine to aid with the urgent humanitarian crisis. The funds will help provide emergency relief to refugees, and to support logistics on the ground such as food and supplies for those that have been displaced.

CoinSmart Financial Inc. Logo (CNW Group/CoinSmart)

"As a way of showing our support for the people of Ukraine and assisting with international efforts to allay the enormous suffering they are experiencing, CoinSmart has donated to the official relief effort," said CEO, Justin Hartzman . "Incredibly, $19 million in crypto has been raised so far and we implore our customers and the wider crypto community to come together in supporting the appeal and help in whatever way they can." The official Ukraine crypto wallet addresses accepting donations are:

Bitcoin (BTC) - 357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P
Ethereum (ETH) and USDT (ERC-20) - 0x165CD37b4C644C2921454429E7F9358d18A45e14

Those wanting to help support humanitarian relief efforts in Ukraine , but would rather send dollars, are encouraged to donate to the Canadian Red Cross Ukraine Humanitarian Crisis Appeal online at www.redcross.ca . The Government of Canada has recently matched $10 million in donations made by individual Canadians for the Appeal.

About Coinsmart Financial Inc.

CoinSmart is a leading Canadian-headquartered crypto asset trading platform dedicated to providing customers with an intuitive way for buying and selling digital assets, like Bitcoin and Ethereum. CoinSmart is one of the few crypto asset trading platforms in Canada to be registered as a securities dealer and marketplace with the Ontario Securities Commission. CoinSmart is also one of the first Canadian headquartered trading platforms to have an international presence, accepting customers across 40+ countries at a time when the digital asset industry continues to rapidly expand.

CoinSmart further builds on its mission to make cryptocurrency accessible by providing educational resources tailored to every level of cryptocurrency knowledge and unparalleled 24/7 omni-channel

customer support. Offering instant verification, industry leading cold wallet storage, advanced charting with order book functionality and over-the-counter premium services, CoinSmart ensures every client's needs are met with the highest level of quality and care. For more information please visit https://www.coinsmart.com/ .

Connect with CoinSmart: Website | LinkedIn | Twitter | Instagram | Facebook

SOURCE CoinSmart

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2022/01/c1439.html

News Provided by Canada Newswire via QuoteMedia

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As a result of this delay in filing the Annual Filings, the Corporation's principal regulator, British Columbia Securities Commission, granted a temporary management cease trade order (the "MCTO") to the Corporation/ The MCTO prohibits all trading by the Chief Executive Officer and the Chief Financial Officer of the Corporation, and such other directors, officers and persons as determined by the applicable regulatory authorities, in securities of the Corporation until the MCTO is revoked. The Corporation's board of directors and management confirm that they are working expeditiously to meet the Corporation's obligations relating to the filing of the Annual Filings, with the goal of filing prior to June 30, 2022.

News Provided by Newsfile via QuoteMedia

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