Toronto-based cryptocurrency startup one of first to complete first-year financial statement audit.
Toronto-based cryptocurrency trading platform Coinberry is proud to announce that it has successfully completed its first-year financial statements audit. The audit was conducted by MNP LLP, one of the preeminent Canadian public accounting firms active in the blockchain and cryptocurrency space.
“In an exciting and emerging industry, Coinberry has positioned itself as a unicorn in the Canadian cryptocurrency space through its pro-active approach to regulatory and legal compliance from day one. We are extremely thrilled to keep delivering on our promises and bringing value to our members and investors. We will continue to push and elevate the standards for cryptocurrency trading in Canada as the application of blockchain technology continues to grow and permeate across all segments of the financial sector.” said Andrei Poliakov, CEO and Co-founder of Coinberry.
Coinberry is one of the first Canadian cryptocurrency trading platforms to audit its first year financial statements and receive a “clean” or unqualified audit opinion, meaning that all of Coinberry’s financial statements are “free from material misstatement.” This is a testament to management’s philosophy of transparent and fair dealings as well as the strength of Coinberry’s systems and controls.
“We are committed to upholding the trust placed in us by our members and delivering on our fiduciary responsibilities. The completion of our financial audit is a big step in that direction.” said Radek Costa-Sarnicki, CFO of Coinberry.
Coinberry was the first cryptocurrency trading platform in Canada to introduce zero percent funding and withdrawal fees. Earlier last year, Coinberry announced a partnership with Swiss-based cryptocurrency wallet giant BRD, introducing 1.2 million BRD customers to the Canadian trading platform.