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Banxa Holdings Inc V.BNXA

Alternate Symbol(s):  BNXAF

Financial Services
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

Banxa Holdings Inc > Cryptos
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•••
Post by arh0070on May 10, 2022 1:31pm
311 Views
Post# 34671056

Cryptos

CryptosCryptos including Bitcoin in a severe bear market right now .No evidence of a retracement .
Crypto stocks tanking ,Coin is down from 350$ in its ipo a year ago to 75$ a share .
Voyager down from a peak of 25$ to below 4 $ 
BNXA holding up fairly well in relative terms though down today .
Coin reports is first quarter results after close of markets today .
Most Crypto stocks now in survival mode .Coin probably in best shape due to size and 7.5billion in reserve .
BNXA should be reporting quarterly results and April TTV shortly ,it will be a question of how bad they are I would think and the cash burn rate .
Bear markets in the Crypto space are rapid and brutal .
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