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Canadian Cryptocurrency Trading Platform’s Oversubscribed Funding Round Attracts High-Profile Investors.

Feb. 9, 2022 – TORONTO - �����о��� Crypto, a low-cost cryptocurrency trading platform for  Canadians, today announced that it has completed a US$20 million (CAD$25 million) Series B  funding round, led by the partners from DV Chain and with participation from CI Financial Corp.,  a global asset and wealth management firm, along with Singh Capital Partners, Anthony  Pompliano, Tiny Capital and Snowdevil Capital (founded by Shopify co-founder Tobias Lütke).  This latest oversubscribed round brings �����о���’s valuation to approximately US$200 million (CAD$253 million), reflecting the company’s growing customer base and market share.  

“Through this financing, we are thrilled that we were not only able to grow our relationships with  existing partners and attract new top-tier investors, but also welcome CI Financial as a strategic  investor,” said Dustin Walper, �����о���’s Co-Founder and CEO. “Crypto is becoming a mainstay in  the traditional financial system, and we are working hard to position ourselves as the future of  fintech. Our goal is to be relentless when it comes to offering low-cost access to a wide selection  of crypto assets. We know that retail investors and newcomers have found the investment  process intimidating with a high bar to entry, but at �����о��� we have simpliied that process and  brought access to all those looking to participate in the crypto boom.”  

�����о���’s largest investor is DVX Capital Markets, parent to DV Chain and broker-dealer ITG,  regulated by the Investment Industry Regulatory Organization of Canada (IIROC). Dino  Verbrugge, co-founder of DVX Capital Markets, DV Chain and DV Trading, said: “Early on we knew  �����о���’s clean, easy-to-use interface, with its wide array of asset pairs, simple fiat on-ramps,  and robust crypto withdrawal and deposit capabilities, would be a game-changer. �����о���’s rate  of customer acquisition has been extraordinary, which is a testament to management’s ability to  execute and deliver on an industry-leading platform in such a short period of time. This is  particularly exciting given the roadmap of new products and services that are in the pipeline.” 

“This investment in �����о��� reinforces CI’s commitment to strengthen our leadership position in  digital assets in Canada,” said Darie Urbanky, President and Chief Operating Officer, CI Financial.  “Cryptocurrencies and blockchain are transforming the world of finance, and we’re excited to  expand access for investors to this growing category.”  

�����о��� will use the net proceeds from the Series B Financing to further develop its technology,  platform and infrastructure; attract new talent in all areas of the company; grow its marketing  and distribution channels to enhance user acquisition, and for general working capital purposes.

�����о��� has filed an application for registration as a restricted dealer with the Ontario Securities  Commission (OSC) and the securities regulatory authorities in all other provinces and territories  of Canada and is actively engaged with the OSC regarding registration matters.