WonderFi Technologies today announced that its wholly-owned subsidiary, Bitbuy Technologies, is preparing to acquire all client accounts of Simply Digital Technologies. Simply Digital was behind CoinSmart, which is also owned by Vancouver-based WonderFi. Gaining more than a quarter million users from CoinSmart, BitBuy now boasts nearly 900,000 Canadian users. Toronto’s Coinsquare previously announced plans to acquire […]
Coinsquare
WonderFi Completes Acquisition of Crypto Rivals Coinsquare, CoinSmart
Following ample speculation, Vancouver’s WonderFi formally announced an intention to acquire rivals Coinsquare and CoinSmart in April. Coinsquare had previously announced plans to acquire CoinSmart for $29 million in cash and shares in 2022, but backed out in January prompting CoinSmart to commence legal proceedings. From the sidelines, WonderFi spotted an opportunity to bring three […]
Vancouver’s WonderFi in Merger Talks with Crypto Giant Coinsquare: Report
Toronto-born Coinsquare, embroiled in a dispute with rival CoinSmart, is reportedly in “advanced merger talks” with Vancouver-based WonderFi Technologies. Combined, Coinsquare and WonderFi would form Canada’s largest cryptocurrency exchange. Exact terms remain unclear and “there is no certainty that a deal will be consummated between the two companies,” sources familiar with the matter informed Bloomberg. But […]
Mogo Is Well On Its Way To Majority Ownership Of Coinsquare
Vancouver fintech Mogo (TSX:MOGO) has been slowly acquiring more and more of Coinsquare, Canada’s leading digital asset trading platform for Bitcoin, Ethereum and other cryptocurrencies. Three months ago Mogo acquired 20 percent of Coinsquare. Last month Mogo nearly doubled its stake, increasing its ownership in to approximately 37 percent. Today Mogo announced it would be […]
Mogo Buys Piece of Cryptocurrency Trading Platform Coinsquare
Vancouver fintech Mogo (TSX:MOGO) is paying $56.4 million to acquire 20% of Coinsquare, Canada’s leading digital asset trading platform for Bitcoin, Ethereum and other cryptocurrencies. Today’s strategic investment news builds on a multi-year relationship between the two companies. The agreement also includes the ability for Mogo to acquire an additional 20 percent ownership interest in […]