ETHERLive
ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.

---

24hr ---
--%
Saturday Aug 18th 2018
RESOURCES

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More
SUBMIT

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story

Explanation

Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
---
--%
Home
News
Etherlive
Ether Price Analysis
Resources
Contact Us

Canadian Cryptocurrency Exchange CoinSmart Opens Its Doors

By

Daniel

Putney

WriterETHNews.com

There is a new kid on the Canadian crypto block – CoinSmart.

According to information shared with ETHNews, CoinSmart, a Canadian cryptocurrency exchange, officially launched today. The company says it aims to "solve the pain and confusion of purchasing cryptocurrency for Canadian investors," and that it was built with both the "crypto curious" and experienced investor in mind. As part of its accessibility efforts, the platform reportedly includes an easy-to-navigate interface, educational material, and around-the-clock support across various channels.

Some specific features include a tax-time reporting tool to help users calculate their taxable income and capital gains, as well as the ability for investors to make transactions with coins not paired with Bitcoin or Ethereum. In fact, the company says users can purchase any listed cryptocurrency with the Canadian dollar, thereby decreasing the need for such a pairing.

As of launch, the platform is compatible with bitcoin (BTC), Ether (ETH), bitcoin cash (BCH), Litecoin (LTC), Dash (DASH), Monero (XMR), and EOS. More altcoins will apparently be added on an ongoing basis.

CoinSmart's CEO, Justin Hartzman, commented on the need for an accessible Canadian crypto exchange:

"As a long-standing cryptocurrency investor, I have experienced first-hand how Canadians are under-served by existing exchanges. Platforms are unnecessarily complex, lack personal touch, and do not provide the tools and service support that consumers deserve. We used these issues as our design motivation and trust that CoinSmart fixes all these concerns allowing any investor – first time or not – to truly feel comfortable and secure."

The company joins the ranks of other Canada-serving crypto exchanges, such as Coinbase, Kraken, and Canadian Bitcoins. CoinSmart, however, is apparently attempting to shake up the Canadian crypto market with its focus on consumers' ease of use.

The addition of CoinSmart follows the release of two Canadian crypto reports. A survey published in June titled "Taking Caution: Financial Consumers and the Cryptoasset Sector" asserts that Ontarians are cautious about crypto. Perhaps the accessibility issues Hartzman claims exist in the Canadian crypto market help to inform this circumspection.

However, a staff analytical note published this month by the Bank of Canada, the country's central bank, points to increased bitcoin knowledge and usage across the country. Of course, the findings specifically relate to bitcoin rather than cryptocurrencies in general, but it is notable that the two reports somewhat contradict one another (although, both do mention that participation in the cryptospace occurs among a relatively small fraction of the Canadian population). The bank's study raises the question: What is the "true" state of Canadian crypto exchanges, and is there a need for companies to address accessibility?

In any case, CoinSmart's launch today marks another step toward overall crypto awareness in the country.


ETHNews does not endorse CoinSmart or any other blockchain-related project.

Daniel Putney

Daniel Putney is a full-time writer for ETHNews. He received his bachelor's degree in English writing from the University of Nevada, Reno, where he also studied journalism and queer theory. In his free time, he writes poetry, plays the piano, and fangirls over fictional characters. He lives with his partner, three dogs, and two cats in the middle of nowhere, Nevada.

ETHNews is committed to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest CoinSmart, exchange or other Ethereum wallets and exchanges news.