Mogo Announces Strategic Investment in Coinsquare, Canada’s Leading Digital Asset Trading Platform

12 Feb, 2021

Mogo Announces Strategic Investment in Coinsquare, Canada’s Leading Digital Asset Trading Platform
Photo by Dose Media on Unsplash

Mogo announced its investment in Coinsquare.
– The investment is part of a strategic partnership with Coinsquare, Canada’s leading digital asset trading platform.
Mogo will acquire 19.99% ownership of Coinsquare for total consideration of approximately $56.4 million.
Mogo will also have the right to acquire an additional 20% ownership interest in Coinsquare through purchases of shares from current shareholders and the exercise of warrants under certain conditions.
– The strategic investment builds on a multi-year relationship between the two companies.
– Coinsquare acts as the trading platform for MogoCrypto, a service Mogo launched in 2018 to allow its members an easy and convenient way to buy and sell bitcoin.

Bitcoin Blockchain Cryptocurrency Financial Services FinTech North America Trading Platform
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