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Coinsquare announces new leadership & files applications to operate a regulated digital asset marketplace in Canada

By Pavithra R

November 26, 2020

  • Canada
  • Coinsquare
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Coinsquare announces new leadership & files applications to operate a regulated digital asset marketplaceCoinsquare, one of the world’s premier cryptocurrency platforms for trading Bitcoin, Ethereum, XRP, and other cryptocurrencies has announced the joining of Nicholas Thadaney & Wendy Rudd to its board of directors. 

The appointments follow the confirmation of Stacey Hoisak as Coinsquare’s new Chief Executive Officer (CEO), Lawrence Truong as Chief Compliance Officer (CCO), and Eric Richmond as Chief Operating Officer (COO). The newly appointed directors and executive team bring tremendous experience in Canadian securities regulation, regulated marketplaces and investment dealer operations to Coinsquare.

“The outstanding leaders who have joined our executive team and Board will play an important role in informing and executing our mandate to deliver full transparency and compliance in all aspects of our operations. The measures we have taken are in strict adherence to regulatory requirements and demonstrate Coinsquare’s strengthened commitment to our clients, employees, shareholders, and the digital asset community. Our goal is to create a customer-centric safe place for Canadians to trade digital assets,” said Stacey Hoisak, CEO of Coinsquare. 

Nicholas Thadaney is joining Coinsquare with more than 2 decades of experience in finance, technology, and capital markets and is currently the CEO of Partners Capital Corp. He was recently President of the Toronto Stock Exchange & CEO of Global Equity Capital Markets, TMX Group, and previously as CEO of ITG Canada Corp. He is a very experienced board member and has served on over 20 boards including CanDeal, CDS Inc., Bermuda Stock Exchange, IIROC, NEO Exchange, Toronto Finance International, etc.

Wendy Rudd spent over 7 years as a Senior VP at IIROC, where she was instrumental in modernizing the regulation of Canadian equity & debt markets, as well as the conduct and prudential regulation of investment dealers. Prior to this, she was CEO of TriAct Canada Marketplace. Wendy is currently a member of the Board of the Canadian Regulatory Technology Association & Chair of the TMX IP Governance Committee.

Stacey Hoisak, CEO of Coinsquare, has been a key member of the Coinsquare leadership and executive team, first as General Counsel and Chief Privacy Officer (CPO), and more recently as CEO. She holds almost 2 decades of experience in capital markets, corporate and securities law, and corporate governance from both private practice and in-house positions including Stikeman Elliott, Birch Hill Equity Partners, Klick Health, and Alpha Exchange/TMX Group.

Lawrence Truong brings than 20 years of capital markets experience to his new role as CCO. During the past 10 years, he has built trade surveillance programs with the Alberta Securities Commission (ASC) Enforcement team and helped to oversee marketplace operations with the ASC Markets Oversight team. He has built compliance programs from the ground up for several multi billion dollar capital markets and commodity trading businesses.

Since early 2018 Eric Richmond has been with Coinsquare, first as the head of legal, and most recently as COO. Eric has extensive experience working with and advising startups and blockchain companies and has in-depth knowledge of the principles, applications and current developments relating to blockchain technologies. Prior to Coinsquare, Eric was a lawyer at Blake, Cassels & Graydon.

Founded in 2014, Canadian Coinsquare’s mission is to create a regulated and open financial platform for the world by leveraging blockchain technology. The firm provides digital asset traders with a proprietary trading platform engineered to deliver a secure, robust, and user-friendly interface for trading Bitcoin, Ethereum and other digital assets. Coinsquare Capital Markets Ltd. (CCML) has also submitted a dealer membership application to the Investment Industry Regulatory Organization of Canada (IIROC) and an application to the Ontario Securities Commission (OSC) to operate Canada’s regulated marketplace for digital assets. The proposed marketplace will provide automated trading systems bringing together institutional and retail orders from buyers and sellers of digital assets deemed securities under the Ontario Securities Act.

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