Coinsquare acquires StellarX

Coinsquare, Canada's largest crypto exchange, has acquired trading platform StellarX, the company announced today in a Medium post.

"Coinsquare is the perfect fit. They are already the leading Canadian cryptocurrency platform. They have very close relationships with regulators in the U.S., Europe, and Canada," StellarX wrote.

StellarX launched in September, touting itself among the world's first free crypto trading platforms, if not the first. Leading the firm will be Megha Bambra, co-founder of BlockEQ, which Coinsquare acquired in December.

The company called Bambra "an extremely capable entrepreneur" who is "excited to grow StellarX and the Stellar ecosystem as a whole." The company says Bambra and her team will hit the ground running in continuing to build out the exchange.

Newly bolstered by an influx of fresh talent, StellarX says the team can now take the exchange to the next level, implementing things that weren't possible before, like new fiat tethers and security tokens.

"We all see StellarX as a cornerstone utility for the network, and we’re excited to watch Stellar, Coinsquare, and StellarX grow together in 2019 and beyond," the company wrote.