The Coinsquare ATS (Alternative Trading System) is a Canadian marketplace that supports the trading of digital assets such as Bitcoin, Ether, and others. The Coinsquare ATS is a trading venue which will execute orders to buy and sell digital assets from multiple buyers and sellers. It functions as an auction market, matching buy and sell orders at “top of book” (i.e., sellers with the lowest “ask” against buyers with the highest “bid”) in strict price/time priority.