Bullboard - Stock Discussion Forum 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... see more

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TSXV:BNXA - Post Discussion

Banxa Holdings Inc > BNXA cuts

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Post by Urbani on Jun 28, 2022 9:39am

BNXA cuts

I agree with the cut backs... the number of trades is still looking good, but for the outlook at this time, expanding too much would be silly.

So, good call for managment to do that. Tighten it up and when the time is right start expanding further while still growing into other segments and taking advantage of the downturn.

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Comment by BigBangOrigins on Jun 29, 2022 11:40pm

The cuts are prudent and considering the commentary provided at the webinar (i.e., low productivity of some staff, especially remote staff) yesterday, very much neccessary. The business needed to be right sized for the direction the crypto market is heading. I hope they are able to make serious inroads into the North American market during the next 12 months with their VASP licenses and consumer ...more

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