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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

Post by rankininleton Aug 13, 2021 4:10pm
145 Views
Post# 33702272

Cheerleading vs facts ( facts better )

Cheerleading vs facts ( facts better )I hold no BNXA as sentiment is down and clarity not yet there.  I hold Coinbase.  Thanks to BCdude for non-cheerleader posts.  I looking for reason to add BNXA.  Not seeing it.  Maybe later with more facts.  I tried to compare BNXA gross margin to COIN gross margin.  I not happy with the math as hard to get apples to apples comps.  I used TTV to compare and got a result I not expect.  Here goes ... COIN 6 mo ttv is 797B which is 1600B annual.  With market cap of 58B you get ttv of 27B for each B in market cap or 27 to 1 ratio annual ttv/mrkt cap.  For BNXA 6 mo ttv is 495M which is 1000M annual.  With market cap of 135m you get ttv of 7.41M for each M in market cap or ratio of 7.41 to 1 annual ttv/mrkt cap.  Conclusion is COIN is cheaper than BNXA using only this metric because ttv for each dollar of market cap is $27 vs BNXA which is $7.41.  GLTA.  Note, I expected the results to be the other way around ... I hold COIN because Cathie Wood buying and because its in the news pretty much daily.  I continue to follow BNXA waiting for reason to buy.
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