WonderFi Technologies Acquires Second Canadian Cryptocurrency Exchange

Upon completion of the transaction, WonderFi will operate two of the six registered crypto trading platforms in Canada. In other words, WonderFi will control 33% of the Canadian market.

Official Statement

Seamless integration and unified access to digital assets is the future and where we want to position ourselves," said Andrei Poliakov, CEO and founder of Coinberry.

"We chose this path for Coinberry because we think it's best for our loyal Canadian users, and this merger will provide them with the best prices, products and services."

"WonderFi sets a precedent for the acquisition of Bitbuy as it is the first acquisition of a licensed crypto platform in Canada," said Ben Samaroo, CEO of WonderFi.

"As we have paved the way for such acquisitions, we expect the Coinberry transaction to receive regulatory approval in a much shorter time frame."

In March, WonderFi acquired First Ledger Corp, the parent company of Bitbuy Technol ogies. WonderFi paid a total of $161.8 million in cash and stock. In addition, it purchased Crypto API in 2021.

According to Kevin O'Leary, entrepreneur, WonderFi advisor and investor, "WonderFi's management team continues to execute value-added acquisitions, which in since it demonstrates WonderFi's speed and vision.

"Importantly for cryptocurrency compliance access, WonderFi has quickly established itself as a leader in Canada. "Global is the next stop."