WonderFi To Buy Second Canadian Crypto Exchange For $38 Million
WonderFi Technologies, based in Vancouver, has sealed an agreement to purchase another licensed Canadian cryptocurrency platform, less than a month after completing its takeover of Bitbuy Technologies. WonderFi, a tech company that gives financial services access via DeFi, intends to continue its expansion in Canada by acquiring the Coinberry crypto exchange for $38 million in WonderFi stock, […]
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WonderFi, backed by Canadian billionaire Kevin O’Leary, is looking to increase its footprint in Canada with the acquisition of crypto exchange Bitbuy. Kevin O’Leary-backed decentralized finance (DeFi) platform WonderFi Technologies is increasing its footprint in Canada by buying the first regulated crypto exchange in the country. WonderFi agreed to pay close to $162 million (206 million Canadian dollars) to acquire First Ledger Corp., the parent company of Bitbuy. WonderFi aims to become an end-to-end consumer platform for crypto and DeFi, according to the official announcement.Founded in....
WonderFi plans to expand its operations in Canada by acquiring digital asset trading platform Coinberry after its recent Bitbuy acquisition. WonderFi Technologies, a decentralized finance (DeFi) platform, plans to continue its expansion in Canada by purchasing the Coinberry crypto exchange for $38 million. The platform will be the second regulated crypto exchange under WonderFi once the acquisition is finalized. The firm recently closed its acquisition of Bitbuy's parent company First Ledger Corp. for $162 million. In an interview, Kevin O’Leary mentioned that there will be “several more....
Canadian crypto exchange Coinberry, part of Kevin O’Leary’s Wonderfi, has sued 50 customers for the return of the bitcoin they obtained without paying during a software glitch. “Coinberry contacted all of the said 546 affected registered users by email and demanded the return of the misappropriated bitcoins,” the lawsuit details. Coinberry Sues Users to Get Bitcoin Back Canadian cryptocurrency exchange Coinberry has reportedly sued its customers who took advantage of its software glitch and obtained bitcoin without paying. Coinberry, a regulated crypto trading....
BIGG Digital Assets, a Canadian crypto company, revealed this week that it bought 40 additional bitcoins for long-term treasury holding. The purchase increased BIGG’s reserves to 189.5 bitcoins valued at US$3.63 million in total. The Canadian Securities Exchange-listed firm spent about CAD$1 million ($775,000) on its latest buy. The company said it “believes strongly in the future of bitcoin, its store of value capability, and its future valuation potential.” Mark Binns, chief executive officer of BIGG, noted that his company, owners of crypto brokerage Netcoins and data....
When Canadian exchange Cavirtex closed its doors in February, there was a lot of speculation about the reasons it shut down, but few expected the exchange to come back to life. Cavirtex shut down amid security concerns after a major breach. Now, New York-based digital currencies exchange Coinsetter is expanding into the Canadian market by buying previously closed exchange Cavirtex for close to $2 million, according to Fortune Magazine. Coinsetter, which specializes in institutional trading for investment firms, is confident it can win back all of Cavirtex's old customers in Canada and grow....