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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 Jan 02, 2024 11:53am
132 Views
Post# 35807135

Bnxa

BnxaThe audited annual report which ended on June 30th has been published.Shows the devastation wrought by the Crypto bear market with a 65% decline in TTV.Expenses reduced so margins improved.BNXA has to date survived the bear market and a new Crypto bull market has begun .
A canadian crypto company has been hacked and Cryptos stolen from Customers accounts.This is a common occurrence and occurred with Coinbase as well .
Whetehr bnxa can now thrive or not going forward remains to be determined.
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