Canadian Bitcoin Exchange CoinTrader to Go Public in $1.18 Million Deal with Newnote Financial

Another Canadian Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term exchange will be going public after Newnote Financial Corp acquired Cointrader.net for CAD $1.5 million ($1.18 million) in cash and stock.

Newnote Financial, formerly Winrock Resources, engages in a variety of cryptocurrency related ventures. It is publicly traded on the Canadian Securities Exchange (CSE), a rough equivalent of the US OTC markets, where it also traded. It is also listed on the Frankfurt Stock Exchange. It currently trades at CAD $0.19 per share for a total valuation of CAD $5.77 million.

CoinTrader has reportedly enjoyed recent growth, possibly helped by the recent closures of fellow Canadian bitcoin exchanges Vault of Satoshi and CARVIRTEX. Earlier this year, it added a CAD order book. Its earlier partnership with payment processor Vogogo is expected to help it gain clientele in the US and Europe.

Another Canadian exchange,QuadrigaCX, also recently announced plans to go public on the CSE. If plans proceed, the teo exchanges will be the first to be publicly traded.

Newnote had been reportedly working on its own Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, PureTrade, but it now redirects to CoinTrader.

For a detailed list of recent investment and M&A activity in the crypto industry, please visit the DC Magnates Crypto Deal Table.