Blockchain

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 .

CoinSmart Financial Inc. Logo (CNW Group/CoinSmart)

Curate is the world's first blockchain agnostic, gasless, NFT marketplace that serves as a multichain bridge between major chains such as Ethereum (ETH), Solana (SOL), Binance Smart Chain (BNB), Algorand (ALGO), Elrond (EGLD), and Avalanche (AVAX). Other notable partners of Curate include Theta (THETA), Ankr (ANKR), Polkadot (DOT) and Chainlink (LINK). Curate's native marketplace allows buyers and sellers to exchange physical and digital goods such as NFTs, gaming, electronics, GIFs and more. The platform accepts payments through traditional options like credit/debit cards, as well as cryptocurrencies, while providing a reward to creators and buyers in the form of Curate's native token, $XCUR.

The partnership will see CoinSmart take an active equity stake in Curate's NFT marketplace, with the two companies working collaboratively on future projects to bring further adoption to the digital asset ecosystem.

"I am thrilled to be able to formally announce CoinSmart's partnership with Curate," said CoinSmart CEO, Justin Hartzman . "The digital asset industry continues to rapidly expand, and CoinSmart is excited to diversify our operations to take advantage of the incredible opportunity offered by the rapid adoption of NFTs. Curate is one of the NFT ecosystem's most advanced marketplaces with an incredibly talented team and an exciting roadmap. We are greatly looking forward to our partnership with Curate, as the industry continues to evolve and mature in the coming years."

CoinSmart's investment in Curate further represents the company's commitment to make investing in the digital asset sector accessible to the regular investor. Curate's gasless, cross-bridge platform is the first NFT marketplace to be available on both IOS and Android devices. This accessibility has allowed Curate to amass over 100,000 active users in the 6 months since launching and has led to over 100,000 NFT mints on the platform to date.

"This is an exciting time for Curate as we welcome our new partners and investors CoinSmart to help accelerate our growth and adoption globally," said Curate Founder and CEO, James Hakim . "Curate and Coinsmart both share the same vision of 'making crypto accessible' and we believe the team behind CoinSmart perfectly align with our vision on where Curate is heading. The best is yet to come!"

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

About Curate

Curate is a gasless NFT marketplace that allows buying or selling NFTs, as well as physical goods. The platform offers digital items such as NFTs, games, GIFs, electronics, clothing, and more. It is an all-in-one marketplace that is created to allow users to trade both physical and digital goods such as NFTs. For using this platform, the users also receive the platform's native token $XCUR as a reward.

For more information about Curate's NFT Marketplace, please visit https://curate.style/ .

Connect with Curate: Website | LinkedIn | Twitter | Instagram | Facebook | Telegram

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.

Curate NFT Marketplace (CNW Group/CoinSmart)

SOURCE CoinSmart

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2022/05/c3819.html

News Provided by Canada Newswire via QuoteMedia

SMRT:AQN
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CoinSmart Financial Inc


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The Glenlivet and CoinSmart Bring Whisky and Crypto Together in Unique Partnership in Canada

The Glenlivet and CoinSmart Bring Whisky and Crypto Together in Unique Partnership in Canada

/NOT FOR DISTRIBUTION IN THE U.S/

Just in time for Father's Day, the partnership kicks off with free crypto for Glenlivet purchasers in Ontario and British Columbia

News Provided by Canada Newswire via QuoteMedia

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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

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

News Provided by Canada Newswire via QuoteMedia

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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

News Provided by Canada Newswire via QuoteMedia

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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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