WonderFi Surpasses $2 Billion in Client Assets Under Custody
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 ha annunciato che le sue piattaforme di trading in criptovalute, Bitbuy e Coinsquare, hanno superato 2,1 miliardi di dollari in attività dei clienti sotto custodia, segnando un 65% di aumento rispetto al terzo trimestre e una crescita del 110% dall'inizio dell'anno. I saldi di cassa dei clienti sono aumentati del 66% dalla fine del trimestre. Gli asset staked delle piattaforme hanno raggiunto 120 milioni di dollari, mostrando un aumento del 165% dall'inizio dell'anno, inclusa una crescita del 50% dalla fine del trimestre. Entrambe le piattaforme hanno registrato una crescita in termini di entrate, registrazioni di clienti e attività sotto custodia, sostenute da un sentiment di mercato positivo e da una crescente accettazione degli asset digitali come opzione di investimento a lungo termine.
WonderFi Technologies ha anunciado que sus plataformas de trading de criptomonedas, Bitbuy y Coinsquare, han superado los 2,1 mil millones de dólares en activos de clientes bajo custodia, marcando un aumento del 65% desde el tercer trimestre y un crecimiento del 110% en lo que va del año. Los saldos de efectivo de los clientes han aumentado 66% desde el final del trimestre. Los activos apostados de las plataformas han alcanzado los 120 millones de dólares, mostrando un aumento del 165% en lo que va del año, incluyendo un aumento del 50% desde el final del trimestre. Ambas plataformas han experimentado un crecimiento en los ingresos, el registro de clientes y los activos bajo custodia en medio de un sentimiento de mercado positivo y una creciente aceptación de los activos digitales como opción de inversión a largo plazo.
WonderFi Technologies는 자사의 암호화폐 거래 플랫폼인 Bitbuy와 Coinsquare가 고객 자산 관리 하에 21억 달러를 초과했다고 발표했습니다. 이는 3분기 대비 65% 증가한 수치로, 연초 대비 110%의 성장을 보였습니다. 고객 현금 잔고는 분기 말 이후 66%만큼 증가했습니다. 플랫폼의 스테이킹 자산은 1억 2천만 달러에 도달하였으며, 이는 연초 대비 165%의 증가를 나타내며 분기 말 이후 50%의 급증을 포함합니다. 두 플랫폼은 긍정적인 시장 심리와 디지털 자산에 대한 장기 투자 옵션으로의 수용 증가 속에 수익, 고객 등록 및 관리 자산에서 성장을 경험했습니다.
WonderFi Technologies a annoncé que ses plateformes de trading de cryptomonnaies, Bitbuy et Coinsquare, ont dépassé 2,1 milliards de dollars d'actifs clients sous custody, marquant une augmentation de 65% depuis le troisième trimestre et une croissance de 110% depuis le début de l'année. Les soldes de trésorerie des clients ont augmenté de 66% depuis la fin du trimestre. Les actifs mis en jeu des plateformes ont atteint 120 millions de dollars, montrant une augmentation de 165% depuis le début de l'année, y compris une hausse de 50% depuis la fin du trimestre. Les deux plateformes ont connu une croissance des revenus, des inscriptions de clients et des actifs sous custody, soutenue par un sentiment de marché positif et une acceptation croissante des actifs numériques en tant qu'option d'investissement à long terme.
WonderFi Technologies hat bekannt gegeben, dass seine Krypto-Handelsplattformen Bitbuy und Coinsquare über 2,1 Milliarden Dollar an verwalteten Kundenvermögen hinausgegangen sind, was einen 65% Anstieg seit dem dritten Quartal und ein 110% Wachstum im bisherigen Jahr markiert. Die Barguthaben der Kunden sind seit Quartalsende um 66% gestiegen. Die staked Vermögenswerte der Plattformen haben 120 Millionen Dollar erreicht, was einen 165% Anstieg im bisherigen Jahr zeigt, einschließlich eines 50% Anstiegs seit Quartalsende. Beide Plattformen haben ein Wachstum bei den Einnahmen, der Kundenregistrierungen und den verwalteten Vermögen erlebt, unterstützt durch positive Marktentwicklung und die zunehmende Akzeptanz digitaler Vermögenswerte als langfristige Investitionsoption.
- Client assets under custody reached $2.1B, up 110% YTD
- Client cash balances increased 66% since quarter-end
- Staked assets grew to $120M, up 165% YTD
- Increased revenue and client registrations reported
- Strong growth across all key metrics
- None.
Milestone marks an increase of
Client assets staked on the platforms surpassed
Toronto, Ontario--(Newsfile Corp. - November 26, 2024) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) ("WonderFi" or the "Company"), a global leader in centralized and decentralized financial services and products, is pleased to announce that its Bitbuy and Coinsquare crypto trading platforms have achieved a new record in client assets under custody, surpassing the
The significant milestone was reached amidst an increasingly optimistic global sentiment for digital assets and marks an increase of over 65 percent since the end of the third quarter and a 110 percent increase as compared to year-end 2023. Client cash balances have also increased 66 percent since quarter-end, representing a meaningful surge in client deposits.
The total value of assets staked on the platforms now exceeds
WonderFi's flagship Bitbuy and Coinsquare crypto trading platforms have continued to reach new heights in recent weeks, with the two Canadian market leaders marking upswings in revenue, client registrations and assets under custody, as investors continue to react to the sector's positive momentum and increasing acceptance as a long-term asset class.
"We're extremely pleased with the new market confidence demonstrated by investors," said Dean Skurka, President and CEO of WonderFi. "Consumers have long been optimistic about the value in the industry and their confidence has now been bolstered through the recent moves by multiple global jurisdictions and institutional-level investors to treat digital assets as a viable long-term investment option."
ABOUT WONDERFI
WonderFi operates the largest regulated crypto trading platform in Canada and 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
For additional information, please contact:
Investor Relations
Charlie Aikenhead
WonderFi
Invest@wonder.fi
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.
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 information and statements are the following: 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. 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. All financial amounts referenced herein are in Canadian dollars unless otherwise expressly identified.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/231391
FAQ
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