Coinsmart Has December Revenue Of $2.15-Million


Coinsmart Financial Inc. had record preliminary unaudited monthly revenue in December, 2021, of approximately $2.15-million. This represents a 460-per-cent increase compared with December, 2020, and was primarily driven by increased trading volume.


December, 2021, highlights:

  • Record monthly revenue of $2.15-million;

  • Record quarterly revenue of $5.9-million;

  • Cash flow positive;

  • No debt.

Coinsmart chief executive officer, Justin Hartzman, commented:


"I am extremely proud of what the team has accomplished in 2021. Wrapping up the year with a banner month and quarter is a testament to the long days, weeks and months the team has put in. What's most exciting for me is, we are only getting started. Plans have been laid for accelerated growth and momentum across new and existing business lines. Look out for some exciting new products, geographies and so much more from the Coinsmart team in 2022 and beyond."


From time to time the company may report on any new records it achieves on key performance metrics.


About Coinsmart Financial Inc.


Coinsmart is a leading Canadian-headquartered crypto asset trading platform dedicated to providing customers with an intuitive way for buying and selling digital assets, like bitcoin and ethereum. Coinsmart is one of the few crypto asset trading platforms in Canada to be registered as a securities dealer and marketplace with the Ontario Securities Commission. Coinsmart is also one of the first Canadian-headquartered trading platforms to have an international presence, accepting customers across over 40 countries at a time when the digital asset industry continues to rapidly expand.