WONDERFI TECHNOLOGIES INC - WONDF STOCK NEWS

WonderFi Technologies has announced that its Bitbuy and Coinsquare crypto trading platforms have surpassed $2.1 billion in client assets under custody, marking a 65% increase since Q3 and 110% growth year-to-date. Client cash balances have increased 66% since quarter-end. The platforms' staked assets have reached $120 million, showing a 165% year-to-date increase, including a 50% surge since quarter-end. Both platforms have experienced growth in revenue, client registrations, and assets under custody amid positive market sentiment and increasing acceptance of digital assets as a long-term investment option.

WonderFi Technologies reports record weekly trading performance across its regulated crypto platforms Bitbuy and Coinsquare. For the week of Nov. 4-10, 2024, Bitbuy saw retail trading volume and revenue increase by 82% and 111% respectively, while Coinsquare experienced gains of 86% and 169% compared to Q3 2024 weekly averages. Transaction values reached $26.97M for Bitbuy and $39.1M for Coinsquare. User engagement surged with Bitbuy's transacting users up 90% and Coinsquare's up 123%. Total assets under custody rose 34% since September to $1.7B.

WonderFi Technologies reported strong Q3 2024 results with $8.2 million in revenue and interest income, contributing to a total of $41 million for the nine months ended September 30th, marking a 153% increase year-over-year. The company's cash and digital assets reached $42 million, up from $37.3 million in December 2023. Trading volumes hit $2.3 billion in the nine-month period, a 212% increase from 2023. Bitbuy and Coinsquare achieved consolidated revenues of $35 million and $14.6 million in adjusted EBITDA. The company reduced corporate expenses by 22% and launched several initiatives including WonderFi Labs and Bitbuy APAC.

WonderFi Technologies reported a 30% unrealized gain in its Bitcoin treasury holdings since initiating its buying program in Q3 2024, with an average cost basis of USD$54,061 per Bitcoin. As Bitcoin surpassed CAD$100,000, the company's aggregate portfolio of digital assets, including Bitcoin, Ethereum, and Solana, reached approximately $9 million as of October 29, 2024.

The company also announced that 6,760,002 common share purchase warrants have expired, reducing its fully-diluted outstanding securities. WonderFi maintains an active normal course issuer bid program for potential share repurchases to enhance shareholder value.

WonderFi Technologies (TSX: WNDR) has announced a strategic partnership with Fundstrat's FS Insight to provide exclusive cryptocurrency research and insights to Canadian investors through its platforms Bitbuy and Coinsquare. The partnership will give users access to exclusive content from renowned analysts Tom Lee and Mark Newton, including research, webinars, and interviews. Content will be distributed via opt-in daily emails and integrated throughout Coinsquare and Bitbuy offerings, starting this quarter. Tom Lee, a former JPMorgan Chief Equity Strategist and CNBC contributing editor, brings over three decades of research expertise to this collaboration.

CEO.CA Technologies , a leading investor social network for junior resource and venture stocks, has released exclusive updates from CEOs of junior mining explorers in its 'Inside the Boardroom' series. This week, CEO.CA interviewed Robert Dejaray, VP Sales & Trading Canada at Coinsquare (a WonderFi Company), and Adam O'Brien, Founder & CEO of Bitcoin Well, to discuss crypto markets and their companies' growth initiatives.

Coinsquare, trading as WonderFi (TSX: WNDR | OTCQB: WONDF), and Bitcoin Well (TSXV: BTCW | OTCQB: BCNWF) were featured in video interviews available on CEO.CA's YouTube channel. The 'Inside the Boardroom' series aims to provide investors with firsthand knowledge from industry leaders, offering insights into their vision, challenges, and strategies.

CEO.CA, founded in 2012 and now a subsidiary of EarthLabs, Inc., is one of Canada's most popular free financial websites and apps, attracting millions of visitors annually for investor networking and information sharing.

WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) has launched new Bitbuy and Coinsquare 2.0 mobile apps with enhanced features for its 1.7 million registered users. The upgrades include a refreshed home screen, advanced portfolio tracking, revamped asset pages, and dark mode. CEO Dean Skurka anticipates 100% active adoption of these apps.

Alongside the app launch, WonderFi introduced an international brand marketing campaign targeting football fans. The campaign, partnering with DAZN, compares sports betting to investing in Bitcoin, highlighting the long-term strength of the crypto market. The ads will run throughout the football season across various media platforms.

WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF), Canada's leader in regulated crypto trading, has provided an update on its Bitcoin and Ethereum treasury program and September event schedule. The company has completed the tenth week of its three-month treasury buying program, set to end on September 30, 2024. As of August 30, 2024, WonderFi's combined Bitcoin and Ethereum holdings were valued at approximately US$4.02 million.

The company's Bitcoin holdings show an 8.19% unrealized gain, while Ethereum holdings have an unrealized loss of 16.95%. WonderFi's CEO, Dean Skurka, emphasized the benefits of their dollar-cost averaging strategy in the current market conditions. The company also announced its participation in several prominent industry events throughout September, including conferences in New York, Toronto, and Singapore.

WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) has announced the official launch of its subsidiary Bitbuy APAC in the Asia-Pacific region. Bitbuy completed its first international crypto trade following WonderFi's acquisition of Australian-based FX Institutions Pty. in March 2024. The company has established a local team in Melbourne and plans further expansion.

WonderFi also announced a strategic marketing partnership with Kogan.com (ASX:KGN), a leading Australian e-commerce platform. Kogan FIRST members will receive exclusive promotions from Bitbuy, and Kogan will promote Bitbuy across its marketing channels. To celebrate the partnership, Kogan made the first Bitcoin purchase through Bitbuy APAC for its corporate treasury.

Bitbuy's OTC division is now open for customers across the APAC region. WonderFi is working with regulators and Clyde & Co. to obtain an ASIC licence for offering additional financial products in Australia.