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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 AverageJoeon May 28, 2021 11:47pm
146 Views
Post# 33291870

RE:Bnxa

RE:BnxaAlthough it doesn't make sense at all, the bnxa price is moving with Bitcoin price like a miner whether it makes sense or not isn't important. The market is even ignoring its excellent performance and income which is completely counter intuitive but it is what it is. Anyway I am not selling below its fair value that has been assigned by analyst at some point the fundamentals of this stock will bring the price along.  Over 1 million in profit EBItDa for the first 3 months is impressive.  Remember the average price of Bitcoin and Ethereum for that reporting period is close to where it is trading today and with the volatility there is a ton of trading going on.  April TTV was record and I expect May will be as well.  I keep looking this stock over and wonder what I am missing but I like this simple  business model and the revenue stream barring a complete crypto collapse is solid.  Still long.
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