CoinSmart Announces Dual Listing on Frankfurt Stock Exchange and Provides Update on Expanding European Operations
CoinSmart Financial Inc. the online crypto asset trading platform that makes the buying, selling, and holding of crypto assets accessible and trusted for all, is pleased to announce that the Company’s common shares (the “Shares”) have commenced trading on the Frankfurt Stock Exchange under the trading symbol “IIR“.
CoinSmart Financial Inc. (NEO: SMRT) (FSE: IIR) (“CoinSmart” or the “Company“) the online crypto asset trading platform that makes the buying, selling, and holding of crypto assets accessible and trusted for all, is pleased to announce that the Company’s common shares (the “Shares“) have commenced trading on the Frankfurt Stock Exchange (the “FSE“) under the trading symbol “IIR“.
CoinSmart is one of only a few Canadian crypto asset trading platforms to be fully regulated and publicly traded. In addition to being registered with the Ontario Securities Commission as a Restricted Dealer, the firm is registered with Canadian and US financial regulators (FINTRAC and FinCEN) and holds a Virtual Currency Provider License granted by the Financial Intelligence Unit of Estonia, a member state of the European Union.
In addition to offering European customers a trusted place to buy and sell digital assets, CoinSmart’s European product offering will include a diversified set of sophisticated financial products such as lending and staking, which will be introduced to other select international markets, subject to applicable regulatory compliance.
“Listing on the Frankfurt Stock Exchange is another key milestone for CoinSmart as we strengthen our presence in existing markets and continue our expansion in Europe and other jurisdictions,” said CoinSmart CEO, Justin Hartzman. “We anticipate consistent growth in our European client base as CoinSmart continues to grow in recognition internationally, and believe this listing is an important development for CoinSmart shareholders, as well as retail and institutional investors in Europe. As we continue to expand our product offerings to European users through the likes of margin lending and derivative trading, CoinSmart intends to offer the most comprehensive digital asset trading platform in Europe.”
Listing on the Frankfurt Stock Exchange builds on CoinSmart’s sustained expansion into multiple jurisdictions, strengthening CoinSmart’s global presence which already spans 40 countries, including all countries in the European Economic Area.
The Frankfurt Stock Exchange, operated by Deutsche Börse AG, is one of the world’s largest trading centres for securities and the largest of the seven stock exchanges in Germany. CoinSmart’s FSE listing is expected to facilitate the process of trading in its Shares by investors in Europe and internationally. The Shares continue to be listed on the NEO Exchange under the symbol SMRT.
About CoinSmart Financial Inc.
CoinSmart is a leading Canadian-headquartered digital asset trading platform dedicated to providing customers with an intuitive way for buying and selling digital assets, like Bitcoin and Ethereum, combined with the seamless ability to on-ramp and off-ramp fiat. Clients’ security and protection is CoinSmart’s primary focus. CoinSmart is registered as a money services business with the Financial Transactions and Reports Analysis Centre (FINTRAC) in Canada and in multiple jurisdictions.
CoinSmart further builds on its mission to make cryptocurrency accessible by providing educational resources tailored to every level of cryptocurrency customer and unparalleled 24/7 omni-channel customer success/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/.
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” or “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 press 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 which 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 press 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.
All information contained in this press release with respect to the corporate entities referenced herein was supplied, for inclusion herein, by the respective parties and each party and its directors and officers have relied on the other party for any information concerning the other party.
The NEO Exchange is not responsible for the adequacy or accuracy of this press release.
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.
For further information please contact:
Jeremy Koven, Chief Operating Officer and Director