Coinsquare, a cryptocurrency trading platform, has announced a new CEO. Former Tradelogiq executive Martin Piszel will succeed Stacey Hoisak who will assume a new role as President and Chief Legal Officer. Piszel will also join the Coinsquare Board of Directors.
Based in Toronto, Coinsquare is registered with the Financial Transactions and Reports Analysis Centre of Canada as a Money Service Business. Coinsquare touts its proprietary trading platform and robust security.
Piszel reportedly has over 25 years of experience in the capital markets and electronic trading sectors, most recently as Head of Corporate Development at Tradelogiq Markets Inc. Prior to TradeLogiq, Piszel served as Head and Managing Director, Alternative Execution and Prime Brokerage at CIBC World Markets, and as a member of the Bank’s Equities Management Committee. He also co-founded Alpha ATS, which was later sold to the Toronto Stock Exchange (TMX) and was Vice President, Sales, and Marketing at E*Trade Canada.
Jason Theofilos, Chair of the Board of Coinsquare, issued the following statement:
“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. 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.”
Hoisak said she was pleased ot have lead Coinsquare through a transitional state of rapid growth and strengthened regulatory alliances and tech improvements.
“With significant progress made in realizing the company’s vision to bring the digital currency revolution to all Canadians, it is the right time for this transition to the next leader of Coinsquare. I look forward to working closely with Martin and the rest of the leadership team on driving the implementation of Coinsquare’s longer-term strategies.”
Piszel said he was excited to join the team as he looks to help accelerate Coinsquare’s growth and ongoing goal towards being a fully regulated entity, and strengthen its 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.”
A year ago, Coinsquare settled allegations by the Ontario Securities Commission pertaining to inflated trading volumes. As part of the settlement, Coinsquare had to pay a penalty and several executives exited the firm.
Earlier this year, Coinsquare received a strategic investment from Mogo, a publicly-traded firm.