Coinsquare acquires BlockEQ

The Coinsquare has acquired BlockEQ which intends to diversify its business beyond cryptocurrency trading. The Coinquare exchange declared that it paid $9 million USD for the acquisition. The CEO of BlockEQ emphasized that their company began to show interest in crypto sphere due to Coinsquare and expressed excitement to work under the ‘Coinsqaure umbrella.’

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Coinsquare acquires BlockEQ

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

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