In another play of its web3 war chest, WonderFi Technologies this week unveiled a strategic partnership between wholly-owned subsidiary Bitbuy Technologies and Localcoin, which is currently Canada’s largest Bitcoin ATM provider. This collaborative venture, struck between two of Canada’s biggest consumer-facing crypto companies, “marks a major milestone in enhancing cryptocurrency adoption and accessibility across the […]
WonderFi
Vancouver Crypto Contender WonderFi Unveils Next Step for Web3 War Chest
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 […]
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 […]
What is Staking? Canadian Crypto Companies Offer Free Intro Webinar
In November, Bitbuy declared itself first among Toronto Stock Exchange-listed crypto-trading platforms “to receive approval from applicable Canadian securities regulators to offer staking to Canadian investors.” The WonderFi subsidiary officially launched the crypto service on its platform later in the month. “Now more than ever, it is critical for Canadians to have access to products […]
Vancouver’s WonderFi Acquires Toronto’s Blockchain Foundry to Bolster Web3 Warchest
Toronto’s Blockchain Foundry, which recently launched crypto-based learn-to-earn platform Metacademy, has been acquired by the recently public WonderFi Technologies, a Vancouver-based financial technology startup operating primarily in the crypto space. WonderFi, which also acquired Coinberry back in June, says the acquisition “further solidifies WonderFi as the Canadian leader in the digital asset space.” “BCF is on a […]
Five Crypto Startups to Watch in BC
Despite a current downturn, the global cryptocurrency market remains active and fascinating to say the least—and a trend with enough traction to grab the attention of virtually all companies. Blockchain-based digital assets “have risen on the radars of boards over the last few years as digital currencies are adopted into mainstream payment flows and central […]
Vancouver’s WonderFi Closes $38 Million Acquisition of Toronto’s Coinberry
WonderFi Technologies this week confirmed its acquisition of Coinberry Limited. The Vancouver-based WonderFi, a financial technology startup which recently launched launched on the Toronto Stock Exchange as WNDR, acquired Toronto-born competitor Coinberry for $38 million. “This acquisition further solidifies WonderFi as a leader amongst crypto companies in Canada,” said WonderFi CEO Ben Samaroo, “and along […]
WonderFi Closes BitBuy Deal as Canada’s Crypto Ecosystem Advances
Early into the year Techcouver reported that WonderFi was set to acquire Bitbuy, the first approved crypto marketplace in Canada. As of today we can confirm that the deal is officially closed: Vancouver’s WonderFi, backed by famed investor Kevin O’Leary, has acquired BitBuy for $206 million in cash and shares. The deal went through “major […]
Kevin O’Leary-backed WonderFi To Buy Crypto Platform Bitbuy
Vancouver’s WonderFi is acquiring Bitbuy, a leading cryptocurrency platform and the first approved crypto marketplace in Canada. Under the terms of the agreement, Bitbuy shareholders will receive approximately $206 million consisting of shares and cash, upfront and deferred. WonderFi is on a mission of create better access to decentralized finance (DeFi) through their high-growth consumer […]