Bitcoin trading platform Mogo won nearly 20% of Coinsquare for $ 56.4 million.

According to Trustnodes, the Bitcoin trading platform Mogo has acquired a 19.99% stake in the cryptocurrency exchange Coinsquare for $ 56.4 million, valued at $ 250-350 million. The company also announced that the contract includes the acquisition of an additional 20% stake in the purchase. CoinSquare is now a private company and Mogo is listed and traded on the NASDAQ. The two companies have been working together since 2018, and Coinsquare is trading the business for MogoCrypto, providing Bitcoin trading services. Earlier this month, Mogo reported a 300% increase in the volume of bitcoin trading in January and announced a bitcoin reward card last month.