Coinsquare, the digital asset and crypto trading platform based out of Canada, has announced the appointment of Martin Piszel as its new CEO by the Board of Directors. He will also join the Board while Stacey Hoisak would assume her new role as President and Chief Legal Officer.
Until recently, Martin was the Head of Corporate Development at Tradeloqig Markets and before that, he had worked at CIBC Global Markets as Head and Managing Director, Alternate Execution and Prime Brokerage.
“Coinsquare is entering a new phase in its development and growth as we move ever closer to regulation and to strengthening our position as Canada’s leading digital asset trading platform,” said Jason Theofilos, Chair of the Board. “Martin’s extensive experience in regulated capital markets and the electronic trading space will bolster Coinsquare’s already extremely strong leadership team, and drive further innovation and growth in this next phase of the company’s journey.”
He brings in over 25 years of experience in capital markets and electronic trading sectors and had also co-founded Alpha ATS which was sold to the Toronto Stock Exchange (TMX) and was also Vice President of Sales and Marketing at E*Trade Canada.
“I am excited to join Coinsquare and its talented team. My extensive capital markets experience will help accelerate Coinsquare’s ongoing goal towards being a fully regulated entity and strengthen its market position as Canada’s most trusted digital asset exchange. Canadian digital currency adoption still has a long way to go and Coinsquare is well-positioned to lead and educate Canadians on this emerging asset class.” said Martin Piszel.
Coinsquare has been involved in the exchange business since 2014 and in 2019, it had acquired a DeFi exchange as well. One of its flagship products is Coinquare Wealth which provides an OTC desk for large investors and institutions giving them professional grade liquidity along with a host of other investment products. The company would be looking towards its new CEO Martin lead it into a path of growth in the coming years as it looks to consolidate its position as Canada’s leading cryptocurrency exchange in the face of increasing competition from other global exchanges. So far, the company has not revealed any global ambitions as yet but that may be something that is on the horizon sooner rather than later.