- 2021 Gross Revenue reached 16.7MM growing 357% YoY
- Company
Treasury reached approximately 22MM growing 406% YoY - Registered Users reached over 183,000 growing 612 % YoY
- Retail Trading Volume grew by 875% YoY
- Assets Under Management (AUM) reached a record $74MM
- Adjusted EBITDA1 of approximately 2.1MM growing 216% YoY
- No Debt
- 1 of only 2 crypto asset platforms to be granted status as a marketplace by the
Ontario Securities Commission and all other securities regulators acrossCanada . - The only crypto asset trading platform to not only be publicly listed in
Canada andEurope but to also have its marketplace registrations - 1 of 5 crypto asset platforms approved as a restricted dealer by
Ontario Securities Commission and all other securities regulators acrossCanada . - Expanded its Retail and Over the Counter Trading to additional European Countries.
- Launched new iOS and Android Mobile Apps.
- In February, issued
$4.5 million of convertible debentures (which were converted into common shares onOctober 27, 2021 - Completed listing on NEO exchange including a concurrent subscription receipt financing for aggregate gross proceeds of
$12,642,900 .
CoinSmart CEO
"2021 was a very exciting year for CoinSmart. Even though we were navigating a new 'normal' and COVID continued to play a big part in our everyday lives, we saw an increased demand for crypto and its adoption worldwide. Rather than taking a backseat and waiting for things to fall in place naturally, we embraced innovation head first. We quadrupled the business and strengthened our balance sheet. We received our restricted dealer and marketplace registrations and entered the public markets all while remaining profitable. It is a testament to the incredible team that I have built at CoinSmart, and I look forward to sharing our progress with you in the coming months. I am extremely proud of what we have accomplished in 2021 and you will see much more coming from us in 2022. Let the trend be your friend!"
CoinSmart is a leading Canadian-headquartered crypto asset trading platform dedicated to providing customers with an intuitive way for buying and selling digital assets, like Bitcoin and Ethereum. CoinSmart is one of the few crypto asset trading platforms in
CoinSmart further builds on its mission to make cryptocurrency accessible by providing educational resources tailored to every level of cryptocurrency knowledge and unparalleled 24/7 omni-channel customer support. Offering instant verification, industry leading cold wallet storage, advanced charting with order book functionality and over-the-counter premium services, Coi3nSmart ensures every client's needs are met with the highest level of quality and care. For more information please visit https://www.coinsmart.com/.
Connect with CoinSmart: Website | LinkedIn | Twitter | Instagram | Facebook
________________________________ | |
1 Adjusted EBITDA includes Net Income(loss) before taxes, Interest, Depreciation, RTO Listing Fees (one time- expense) and
|
SOURCE CoinSmart
© Canada Newswire, source