WonderFi Provides January 2025 and Other Corporate Updates
WonderFi Technologies (TSX: WNDR) (OTCQB: WONDF) reported strong performance for January 2025, with estimated revenue and interest income ranging from $7.75 - $8.25 million, marking a 14% increase from Q4's monthly average. The company's platforms, Bitbuy and Coinsquare, achieved combined trading volumes exceeding $543 million, up 44% from Q4's monthly average.
Key metrics show significant growth: assets under custody reached $2.4 billion (14% increase from December 2024), monthly active users exceeded 127,000 (15% increase), and new sign-ups surpassed 20,000 (25% increase). The company received approximately $4.8 million from warrant exercises, with 15.9 million warrants exercised and 6.6 million expiring unexercised.
WonderFi has submitted its NASDAQ application, which is under review. The company also announced board changes, with Noel Biderman, Rob Godfrey, and Igor Gimelshtein stepping down effective February 18, 2025.
WonderFi Technologies (TSX: WNDR) (OTCQB: WONDF) ha riportato una performance positiva per gennaio 2025, con ricavi e introiti da interessi stimati tra $7.75 e $8.25 milioni, segnando un incremento del 14% rispetto alla media mensile del Q4. Le piattaforme dell'azienda, Bitbuy e Coinsquare, hanno raggiunto volumi di trading combinati superiori a $543 milioni, con un aumento del 44% rispetto alla media mensile del Q4.
I principali indicatori mostrano una significativa crescita: gli asset in custodia hanno raggiunto i $2.4 miliardi (incremento del 14% rispetto a dicembre 2024), gli utenti attivi mensili hanno superato i 127.000 (incremento del 15%) e le nuove registrazioni hanno superato le 20.000 (incremento del 25%). L'azienda ha ricevuto circa $4.8 milioni da esercizi di warrant, con 15.9 milioni di warrant esercitati e 6.6 milioni che scadranno non esercitati.
WonderFi ha presentato la sua domanda per il NASDAQ, attualmente in fase di revisione. L'azienda ha anche annunciato cambiamenti nel consiglio di amministrazione, con Noel Biderman, Rob Godfrey e Igor Gimelshtein che si dimetteranno con effetto dal 18 febbraio 2025.
WonderFi Technologies (TSX: WNDR) (OTCQB: WONDF) reportó un fuerte desempeño para enero de 2025, con ingresos y ganancias por intereses estimados entre $7.75 y $8.25 millones, marcando un aumento del 14% en comparación con el promedio mensual del cuarto trimestre. Las plataformas de la compañía, Bitbuy y Coinsquare, lograron volúmenes de comercio combinados que superaron los $543 millones, un 44% más que el promedio mensual del cuarto trimestre.
Las métricas clave muestran un crecimiento significativo: los activos bajo custodia alcanzaron los $2.4 mil millones (un aumento del 14% desde diciembre de 2024), los usuarios activos mensuales superaron los 127,000 (un aumento del 15%) y las nuevas inscripciones superaron las 20,000 (un aumento del 25%). La compañía recibió aproximadamente $4.8 millones de ejercicios de warrants, con 15.9 millones de warrants ejercidos y 6.6 millones que expiran sin ejercerse.
WonderFi ha presentado su solicitud para NASDAQ, que está en revisión. La compañía también anunció cambios en la junta, con Noel Biderman, Rob Godfrey e Igor Gimelshtein renunciando con efecto a partir del 18 de febrero de 2025.
WonderFi Technologies (TSX: WNDR) (OTCQB: WONDF)는 2025년 1월에 강력한 성과를 보고했으며, 추정 수익 및 이자 수익은 775만 달러에서 825만 달러 사이로, 4분기 월 평균보다 14% 증가했습니다. 회사의 플랫폼인 Bitbuy와 Coinsquare는 결합된 거래량이 5억 4300만 달러를 초과하여 4분기 월 평균보다 44% 증가했습니다.
주요 지표는 상당한 성장을 보여줍니다: 관리 자산은 24억 달러에 도달했으며(2024년 12월 대비 14% 증가), 월간 활성 사용자는 127,000명을 초과했으며(15% 증가), 신규 가입자는 20,000명을 초과했습니다(25% 증가). 회사는 약 480만 달러를 보증금 행사에서 받았으며, 1,590만 개의 보증이 행사되었고 660만 개는 행사되지 않고 만료될 예정입니다.
WonderFi는 NASDAQ 신청서를 제출했으며, 현재 검토 중입니다. 또한 Noel Biderman, Rob Godfrey, Igor Gimelshtein이 2025년 2월 18일부터 사임할 것이라고 발표했습니다.
WonderFi Technologies (TSX: WNDR) (OTCQB: WONDF) a rapporté une performance solide pour janvier 2025, avec des revenus et des intérêts estimés entre 7,75 et 8,25 millions de dollars, marquant une augmentation de 14 % par rapport à la moyenne mensuelle du quatrième trimestre. Les plateformes de l'entreprise, Bitbuy et Coinsquare, ont atteint des volumes de trading combinés dépassant 543 millions de dollars, soit une augmentation de 44 % par rapport à la moyenne mensuelle du quatrième trimestre.
Les indicateurs clés montrent une croissance significative : les actifs sous garde ont atteint 2,4 milliards de dollars (augmentation de 14 % par rapport à décembre 2024), les utilisateurs actifs mensuels ont dépassé 127 000 (augmentation de 15 %) et les nouvelles inscriptions ont dépassé 20 000 (augmentation de 25 %). L'entreprise a reçu environ 4,8 millions de dollars d'exercices de bons de souscription, avec 15,9 millions de bons exercés et 6,6 millions qui expireront sans être exercés.
WonderFi a soumis sa demande pour le NASDAQ, qui est actuellement en cours d'examen. L'entreprise a également annoncé des changements au conseil d'administration, avec Noel Biderman, Rob Godfrey et Igor Gimelshtein qui démissionneront à compter du 18 février 2025.
WonderFi Technologies (TSX: WNDR) (OTCQB: WONDF) berichtete über eine starke Leistung im Januar 2025, mit geschätzten Einnahmen und Zinseinnahmen zwischen 7,75 und 8,25 Millionen Dollar, was einem Anstieg von 14 % im Vergleich zum monatlichen Durchschnitt des 4. Quartals entspricht. Die Plattformen des Unternehmens, Bitbuy und Coinsquare, erzielten ein kombiniertes Handelsvolumen von über 543 Millionen Dollar, was einem Anstieg von 44 % im Vergleich zum monatlichen Durchschnitt des 4. Quartals entspricht.
Wichtige Kennzahlen zeigen ein signifikantes Wachstum: Die verwalteten Vermögenswerte erreichten 2,4 Milliarden Dollar (14 % Anstieg gegenüber Dezember 2024), die monatlich aktiven Nutzer überstiegen 127.000 (15 % Anstieg) und die Neuanmeldungen überstiegen 20.000 (25 % Anstieg). Das Unternehmen erhielt etwa 4,8 Millionen Dollar aus der Ausübung von Warrants, wobei 15,9 Millionen Warrants ausgeübt und 6,6 Millionen ohne Ausübung ablaufen werden.
WonderFi hat seinen Antrag für NASDAQ eingereicht, der derzeit geprüft wird. Das Unternehmen gab auch Änderungen im Vorstand bekannt, wobei Noel Biderman, Rob Godfrey und Igor Gimelshtein mit Wirkung zum 18. Februar 2025 zurücktreten werden.
- Revenue and interest income increased 14% to $7.75-$8.25 million
- Trading volumes up 44% to $543 million
- Assets under custody grew 14% to $2.4 billion
- Monthly active users increased 15% to 127,000
- New sign-ups rose 25% with over 20,000 new users
- Received $4.8 million from warrant exercises
- NASDAQ application submitted and under review
- 6.6 million warrants expired unexercised
- Three board members stepped down simultaneously
Momentum continues in first month of 2025 with estimated revenues and interest income in the range of
$7.75 -$8.25 million Strong continued performance driven by significant increases in trading volumes, active user growth and new sign ups
Assets under custody of approximately
$2.4 billion as of January 31, 2025, an increase of14% from prior month
Toronto, Ontario--(Newsfile Corp. - February 19, 2025) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) (the "Company" or "WonderFi") today announced certain corporate updates and unaudited estimates for the month of January 2025. All financial references are in Canadian dollars unless otherwise noted.
January 2025 Corporate Updates:
Estimated revenue and interest income was in the range of
$7.75 -$8.25 million , representing an increase of approximately14% from the Q4 monthly average.Bitbuy and Coinsquare facilitated over
$543 million in combined trading volumes during the month, representing an increase of approximately44% from the Q4 monthly average.Client assets under custody were approximately
$2.4 billion as of January 31, 2025, an increase of approximately14% from December 31, 2024.Bitbuy and Coinsquare had over 127,000 monthly active users in January, an increase of approximately
15% from the Q4 monthly average.Bitbuy and Coinsquare had over 20,000 sign-ups in January, representing an increase of approximately
25% from the Q4 monthly average.
During the month of January, approximately 15.9 million warrants issued as part of the Company's January 30th, 2023 brokered private placement were exercised. This resulted in the Company receiving approximately
"Coming off a record fourth quarter of 2024, the first month of 2025 demonstrated continued momentum, as WonderFi experienced strong trading volumes and user activity across the Bitbuy and Coinsquare platforms," said Dean Skurka, CEO of WonderFi. "WonderFi's deliberate positioning and investment in its platforms has enabled it to become an important and leading beneficiary of the growth in the adoption of digital assets, and it is reflected in our results."
NASDAQ and Other Corporate Matters
In addition, the Company is pleased to confirm that its application to the NASDAQ stock exchange has been submitted and is currently under review. The Company's recently appointed director, Paul Pathak, is leading and guiding WonderFi's efforts in respect of this application. Mr. Pathak has extensive public market experience, including as a director of public companies in both the U.S. and Canada. Mr. Pathak is also a partner at a Toronto-based law firm with a practice that focuses on corporate, securities, corporate finance, mergers and acquisitions and commercial law.
WonderFi also announced that Noel Biderman, Rob Godfrey, and Igor Gimelshtein have stepped down from the Company's board of directors (the "Board"), effective February 18, 2025. WonderFi is grateful to Noel, Rob and Igor for their contributions to the Board while the Company has achieved record performance milestones.
About WonderFi
WonderFi owns one of the largest regulated crypto trading platforms in Canada and is a global leader in centralized and decentralized financial services and products.
With over
Designed to provide investors with diversified investment exposure across the global digital asset ecosystem, the Company has a proven track record of launching new products and obtaining applicable licenses. It is also the owner of market-leading brands, including Bitbuy, Coinsquare, SmartPay and Tetra Trust.
As the world continues to move on-chain, WonderFi is strategically placed to capture both market and wallet share through ongoing innovation within the digital asset space.
For more information, visit www.wonder.fi
Media Contact:
Charlie Aikenhead
charlie@wonder.fi
Reconciliation of Non-GAAP Financial Measures
There are measures included in this news release that do not have a standardized meaning under generally accepted accounting principles (GAAP) and therefore may not be comparable to similarly titled measures and metrics presented by other publicly traded companies. The Company includes these measures because it believes certain investors use these measures and metrics as a means of assessing financial performance.
We prepare and release quarterly unaudited and annual audited financial statements prepared in accordance with IFRS. We also disclose and discuss certain non-GAAP financial information, used to evaluate our performance, in this and other earnings releases and investor conference calls as a complement to results provided in accordance with IFRS. We believe that current shareholders and potential investors in the Company use non-GAAP financial measures in making investment decisions about the Company and measuring our operational results. These measures are provided as additional information to complement IFRS measures by providing further understanding of the Company's results of operations from management's perspective. They do not have any standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. They should be considered as supplemental in nature and not as a substitute for the related financial information prepared in accordance with IFRS. They are used to provide investors with additional insight into the Company's operating performance and thus highlight trends in the Company's business that may not otherwise be apparent when relying solely on IFRS measures.
Forward-Looking Information and Statements
This press release contains certain "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the beliefs of WonderFi Technologies Inc. ("WonderFi" or the "Company") regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such "could", "intend", "expect", "believe", "will", "projected", "planned", "estimated", "soon", "potential", "anticipate" or variations of such words. In this news release, forward-looking statements include but are not limited to: statements with respect to our objectives, goals and strategies; the financial results and outlook of the Company; and the successful listing of the Company's common shares on NASDAQ.
By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking financial information and statements are the following: the ability of the Company to obtain approval from NASDAQ for the listing of its common shares and the timing thereof, including receipt of all regulatory and other approvals or consents that may be required or desirable to complete the proposed listing on NASDAQ; risks relating to the listing of the Company's common shares in the United States including the registration of the common shares with the Securities and Exchange Commission, the NASDAQ listing not providing the Company with broadened access to international investors or enhancing the Company's liquidity; taxation, controls or regulations and/or changes in the administration of laws, policies and practices and political or economic developments in Canada and other jurisdictions in which the Company carries on business or in which the Company may carry on business in the future; and material adverse changes in general economic, business and political conditions, including changes in the financial markets and compliance with extensive government regulation; decisions to modify, pause or discontinue certain treasury management strategies; the Company's ability to provide a competitive service within the regulated crypto asset trading platform industry; the Company's ability to manage its capital and non-capital expenses . These risks are not intended to represent a complete list of the factors that could affect the Company; however, these factors should be considered carefully. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein. The impact of any one assumption, risk, uncertainty, or other factor on a particular forward-looking statement cannot be determined with certainty because they are interdependent and the Company's future decisions and actions will depend on management's assessment of all information at the relevant time. A more fulsome description of risk factors that may impact business, financial condition and results of operation with respect to WonderFi is set out in its management's discussion and analysis and financial statements for the period ended September 30, 2024, available on its SEDAR+ profile at www.sedarplus.ca.
Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241434
FAQ
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