CoinSmart Financial Inc. one of Canada’s leading crypto asset trading platforms, today announced that despite a sustained period of risk-off selling across the digital asset market over the past few months, the company has experienced large percentage increases in a number of key growth metrics in Q4 2021 compared to Q3 2021.
The platform saw an overall retail and OTC volume increase of 52.6% from Q3 2021 to Q4 2021 as well as an increase in registered users of 10.6% during the same timeframe. OTC revenues rose by 124.47% in Q4 2021 compared to Q3 2021, and CAD ETH trading volumes saw an increase of 55.56%. This is an indication that CoinSmart’s business model is well-suited to periods of market volatility in the overall crypto market.
“We started CoinSmart with the mission to open up digital asset investing to all Canadians, with a platform specifically designed to provide a transparent and secure investing environment,” said Justin Hartzman, co-founder and CEO of CoinSmart. “The numbers we are reporting today highlight CoinSmart’s robustness to the overall market even during periods of significant volatility. For a trading platform such as ours, providing our users with access to liquidity during periods of market volatility is the key to success, and CoinSmart is well positioned to continue to thrive during such volatility, whether from sell-side or buy-side price action.”
CoinSmart also recently announced a multi-year sponsorship agreement with the Canadian Hockey League (CHL) to be their official Crypto Trading Partner sponsor across the CHL’s three member leagues (OHL, WHL, QMJHL). Year 1 of the multi-year deal will see CoinSmart premium branding and signage displayed in and around rinks across multiple teams this season including in-ice logos across all CHL major events. The following seasons will see CoinSmart branding extended to 24 teams across all three leagues.
