Leading canadian cryptococcoma platform Coinsquare announced the acquisition of a decentralized exchange (DEX) StellarX.

According to a press release acquired Coinsquare in December, the crypto BlockEQ will be renamed and will be the anchor wallet platform StellarX.

Co-founder BlockEQ Bumbry Megha (Megha Bambra) will become the new head of the site, which will continue to work and develop under the brand StellarX.

Decentralized exchange in the Stellar ecosystem was launched in September last year. Unlike many others, it offers users not only trade scriptactive, but also the support of the Fiat currency, the US dollar.

StellarX is a subsidiary Coinsquare, based in Bermuda. The platform will seek to apply to regulators for a licence to operate and scale of their proposal under the guidance of Coinsquare, said in a press release.

“We are deeply committed to the cryptocurrency market flourished, and a key factor is the introduction. Stellar is the fastest payment network in the world, and we see huge potential to create industry-leading services to StellarX for further more widespread adoption,” commented the acquisition of the head Coinsquare Cole diamond (Diamond Cole).

We will remind, earlier it was reported that Coinsquare launched on the Toronto stock exchange (TSX) two exchange-traded Fund (ETF) and was officially launched in 25 countries of the European Union. However, in the beginning of the month, the company eliminated 27% of its staff, laying off 40 employees.