Coinsquare

What is Coinsquare?

Coinsquare is Canada’s longest-operating and first **IIROC-regulated** crypto asset trading platform, built to bridge traditional finance and digital assets. As a fully registered Investment Industry Regulatory Organization of Canada (IIROC) member and Alternative Trading System (ATS), it offers institutional controls such as segregated asset custody via licensed custodians, CIPF-backed client protection, reporting transparency, KYC/AML compliance, and regular audits :contentReference[oaicite:1]{index=1}.

Founded in 2014 and home to over 500,000 Canadian users, Coinsquare supports 60+ cryptocurrencies, 3,000+ trading pairs, and recently merged with CoinSmart and WonderFi to create a leading national crypto marketplace 📈 :contentReference[oaicite:2]{index=2}.

Key Features

• Highly Regulated Platform: IIROC membership ensures institutional-grade controls, insured custodial storage, and CIPF protection covering CAD balances up to C$1 million :contentReference[oaicite:3]{index=3}.
• Advanced Trading Tools: Offers Pro-level charts, limit orders, staking, and OTC services under AT S permissions :contentReference[oaicite:4]{index=4}.
• Fiat On‑Ramp/Off‑Ramp: Supports CAD deposits/withdrawals via bank transfer and card.
• Multi‑Custody Solutions: Assets held with regulated third-party custodians like Coinbase Custody & BitGo, with $680M coverage :contentReference[oaicite:5]{index=5}.
• National Expansion: Merger with CoinSmart and WonderFi now covers Canada-wide service and education portal access :contentReference[oaicite:6]{index=6}.

Use Cases for Accounting and Compliance

• Ledger‑Ready Trade Data: Timestamped trade records with CAD values feed directly into accounting systems for automated cost-basis and WAC computations.
• Custody Reporting: Segregated asset reports + CIPF tracking support internal controls and audit readiness.
• FI Compliance**: KYC/KYB processes and IIROC audit logs create a clean transactional history suitable for trust and regulatory review.
• Staking & Reward Reporting: Coinsquare's staking yields and payouts are captured as taxable events and remapped into categorized income entries.
• ERP Export Support: Structured CSV and API feeds map directly to QuickBooks, NetSuite, and Xero journal templates.

With its regulated status and operational transparency, Coinsquare is uniquely positioned to support both retail and institutional crypto adoption—and simplify accounting workflows in Canadian-regulated environments.

Frequently Asked Questions

Can Cryptoworth calculate cost basis for Coinsquare trades in CAD?

Yes. Elect to import Coinsquare trade history into Cryptoworth to convert CAD‑denominated trades into token cost‑basis, WAC, and to auto-generate journal-ready entries. Our Crypto Accounting Software handles multi-currency valuation seamlessly.

Is Coinsquare suitable for audit-ready crypto accounting?

Absolutely. IIROC regulation, CIPF coverage, segregation controls, and staking/income trails meet institutional audit standards. Cryptoworth ingests this data and aligns it with ledger compliance requirements.

How do mergers affect accounting integration?

Post-merger platform data from CoinSmart and WonderFi flows into Coinsquare’s single API channels. Cryptoworth normalizes merged data under unified chart entries for seamless period consolidation.

Does Cryptoworth support staking and swaps from Coinsquare?

Yes. Staking reward transactions and token swaps are captured as distinct income or asset movements within Cryptoworth—ready for gain/loss classification and audit trail documentation.