16:34:52 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



Wonderfi Technologies Inc
Symbol WNDR
Shares Issued 652,610,333
Close 2024-04-25 C$ 0.255
Market Cap C$ 166,415,635
Recent Sedar Documents

Wonderfi's Bitbuy acquires Bitstamp's Canadian clients

2024-04-26 10:45 ET - News Release

Mr. Dean Skurka reports

WONDERFI'S BITBUY ANNOUNCES ACQUISITION OF BITSTAMP'S CANADIAN CLIENTS

Wonderfi Technologies Inc.'s wholly owned subsidiary, Bitbuy Technologies Inc., has purchased the Canadian clients of Bitstamp. Bitstamp is the world's longest-running cryptocurrency exchange, supporting investors, traders and leading financial institutions since 2011. All financial references are in Canadian dollars unless otherwise noted.

Bitbuy has acquired the over 110,000 Canadian client accounts of Bitstamp. The transaction was completed by way of a business transfer agreement.

Key details and other information include:

  • Bitbuy has acquired Bitstamp's Canadian client accounts, comprising both retail and institutional client accounts.
  • Wonderfi anticipates nominal incremental operating costs to service the client accounts on a go-forward basis.
  • Bitbuy will share a portion of the revenues from the acquired business.

"We are excited to welcome Bitstamp's Canadian clients to the Wonderfi ecosystem," said Wonderfi president and chief executive officer, Dean Skurka. "The non-dilutive acquisition of Bitstamp's Canadian clients, following the announcement of our expansion into Australia, is consistent with Wonderfi's disciplined approach of pursuing growth opportunities on its platforms," added Mr. Skurka.

About Wonderfi Technologies Inc.

Wonderfi owns and operates Bitbuy and Coinsquare, two leading domestic crypto platforms with strongholds in the Canadian market; Wonderfi operates internationally through its expansion in Australia, as well as through Smartpay, its global crypto payments platform.

With a collective user base of over 1.75 million registered Canadians and a combined assets under custody exceeding $1.5-billion, Wonderfi serves one of the largest crypto investor communities in Canada.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.