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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 arh0070on Jun 08, 2023 5:15pm
185 Views
Post# 35487333

SEC

SEC
There is unfortunately a huge downside to this story .Namely the US  SEC /Biden administration persueing/suing the two largest Crypto companies in the world Binance and Coinbase For none compliance .This is a big deal ,no idea what impact it will have on a small fish like BNXA but it has already had a big impact on Coinbase and may ultimately make the US a very unfriendly market for Crypto companies.Coinbase is already in the process of setting up business in Bermuda.
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