Despite a sustained period of risk-off selling across the digital asset market over the past few months, a Canadian crypto asset trading platform reported experiencing a large increase in a number of key growth metrics on Monday.
CoinSmart Financial Inc. (NEO: SMRT, Forum) announced that it saw an overall retail and over the counter (OTC) volume increase of 52.6% from Q3 2021 to Q4 2021 as well as an increase in registered users of 10.6% during that time.
OTC revenues rose by 124.47% in Q4 2021 compared to Q3 2021, and CAD ETH trading volumes saw an increase of 55.56%.
The co-founder and CEO of CoinSmart, Justin Hartzman said in
a media release that the company was founded to open up digital asset investing to all Canadians, and the platform was specifically designed to provide a transparent and secure investing environment.
“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 made news recently when it announced a multi-year sponsorship agreement with the
Canadian Hockey League to be their official Crypto Trading Partner sponsor across its three member leagues.