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WonderFi Technologies Inc T.WNDR

Alternate Symbol(s):  WONDF

WonderFi Technologies Inc. provides crypto trading platform in Canada. It also provides centralized and decentralized financial services and products. Its segments include Trading, Payments and Corporate. Its brands include Bitbuy, Coinsquare, SmartPay, and Tetra Trust. Its product is WonderFi Labs. It is also developing two new products, including WonderFi L2 and WonderFi Wallet. WonderFi Labs develops, incubates and invests in centralized and EVM-compatible decentralized products and protocols that have a global reach. Bitbuy is Canada and APAC's regulated cryptocurrency platform catering to the advanced trader, institutions and corporate client. Coinsquare provides customers with a proprietary platform engineered to deliver a robust, secure and intelligent interface for trading digital assets. SmartPay is a digital asset payment processing platform. Tetra is redefining the standard of digital asset custody in Canada, pioneering secure, regulated, and versatile solutions.


TSX:WNDR - Post by User

Post by StockSharkon Jan 30, 2023 8:16pm
279 Views
Post# 35255285

Maybe some news tomorrow ?

Maybe some news tomorrow ?

Clients of Cumberland DRW – a prominent liquidity provider in digital assets – can now trade crypto denominated in Canadian dollars.

This new capability, said Cumberland in a Twitter post, will reduce friction and simplify the transaction process for its trusted large institutional customers.

The announcement comes a week after Cumberland partnered with registered Canadian crypto trading platform BitBuy to increase liquidity on that exchange’s crypto asset marketplace. Cumberland needed the capability to transact crypto in Canadian dollars if it is to offer crypto liquidity to Bitbuy.

“It’s not unexpected” for Cumberland to announce support for crypto transactions denominated in Canadian dollars, said Alex McDougall, president and CEO of Stablecorp, a fintech firm that created QCAD, a stablecoin pegged to the Canadian dollar. “It will be interesting to see if the entry of a major global player like this impacts Canadian dollar pricing out to end retail customers as we still pay a significant spread in Canada,” he added.

Cumberland DRW did not return a request to comment by press time.


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