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Banxa Holdings Inc V.BNXA

Alternate Symbol(s):  BNXAF

Banxa Holdings Inc. is a Canada-based company, which provides a financial technology platform. The Company’s principal business activity is being a payment service provider to global cryptocurrency exchanges. The Company’s products include On & Off Ramps, NFT Checkout, OpenRamp and Token Listings. It offers extensive global and local payment options resulting in conversion rates up to three times higher than credit card-only solutions. Its fiat-to-crypto On & Off Ramp solutions enable users to conveniently and securely convert traditional fiat currencies into cryptocurrencies. Its product is a full-stack solution, including UI, Identity know your customer (KYC), Payments, Crypto Liquidity Management and Customer Support. Its NFT checkout solution is offered both in the primary and secondary markets. OpenRamp offers a streamlined solution for on & off ramping, enabling users to effortlessly transition between traditional financial systems and the decentralized blockchain world.


TSXV:BNXA - Post by User

Comment by amlew1on Jan 12, 2021 6:59am
129 Views
Post# 32273898

RE:RE:RE:RE:BNXA

RE:RE:RE:RE:BNXA
Hi. For clarification, what are 'ATS trades'?Never heard the term before. Company looks attractive based on the peer comparison and I like that it benefits from volatility in the crypto market, (as this has been a constant since BTCs invention). Volume drying well bodes well for a lot of the shell holders and IPO staggers having exited. Some big instos, a crypto exchange, a major family office and about 25% escrowed means actual free float or circulating supply will tighten quickly too. These types of investors are normally collectors as opposed to traders. As for other things to like, there are limited options at this valuation for funds wanting exposure to the sector, especially at this valuation. Add to that a lot of growth anticipated from existing trend, backlog of customer onboarding (as expected when you land an 800 pound gorilla like Binance first) and the expansion to becoming an end to end crypto services firm. Cheers
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