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WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) is Canada's leading operator of regulated crypto trading platforms and other digital asset businesses. The company's wholly owned subsidiary, Bitbuy Technologies Inc., recently acquired the Canadian clients of Bitstamp, the world's longest-running cryptocurrency exchange. With a user base of over 1.75 million registered Canadians and assets under custody exceeding $1.5 billion, WonderFi serves one of the largest crypto investor communities in Canada. The company focuses on providing a secure and regulated platform for users to trade and invest in cryptocurrencies, with a commitment to safety and transparency.
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.
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. As of August 9, 2024, the company's total holdings were valued at approximately US$3.82 million (~$5.25 million CAD). The program, which began seven weeks ago, is set to run for a three-month period ending September 30, 2024.
WonderFi's current holdings include 44.9 Bitcoin at an average price of $54,181 USD, showing a 12.49% unrealized gain, and 418.0 Ethereum at an average price of $3,074 USD, with a 15.44% unrealized loss. The company also announced that Jaime Leverton has stepped down from the board of directors, effective August 9, 2024.
WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF), Canada's leading operator of regulated crypto trading platforms, reported strong financial results for Q2 2024. Key highlights include:
- 303% YOY revenue increase to $12.0 million
- Cash and digital assets of $46.7 million
- 358% increase in crypto trading volumes
- Adjusted EBITDA of $2.4 million (19.9% of revenues)
- $1.35 billion in client assets under custody
The company also acquired Bitstamp's Canadian clients, launched WonderFi Labs, and introduced a Bitcoin and Ethereum buying program. CEO Dean Skurka expressed optimism about the company's growth and the favorable macro environment for digital assets.
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. As of July 22, 2024, the company's total holdings were valued at approximately US$4.19M (~$5.74M CAD). The program, which began in Q3, has shown positive results with unrealized gains on both Bitcoin (27.28%) and Ethereum (13.31%).
WonderFi's CEO, Dean Skurka, expressed optimism about the digital asset market's positive trend and the launch of U.S. Ethereum ETFs. Additionally, the company has engaged Native Ads Inc. for a comprehensive digital media marketing campaign with a budget of approximately USD$200,000, set to run for up to 6 months starting in July or August 2024.
WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) has launched WonderFi Labs, a new innovation and development arm focused on decentralized technologies. Led by VP of Engineering Kartik Bajaj, WonderFi Labs will develop, incubate, and invest in on-chain applications to expand the company's offerings beyond centralized trading platforms.
Initial products under development include WonderFi L2, a Layer 2 blockchain built on Ethereum for low-cost and fast transactions, and WonderFi Wallet, an EVM-compatible non-custodial wallet. These products align with WonderFi's international expansion plan and aim to reach a global audience.
CEO Dean Skurka emphasized the importance of on-chain solutions in the future of crypto, while CTO Cong Ly highlighted the company's commitment to innovation and technological advancement in the digital asset industry.
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