{"id":24306,"date":"2022-04-18T11:20:42","date_gmt":"2022-04-18T15:20:42","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=24306"},"modified":"2022-04-18T11:20:56","modified_gmt":"2022-04-18T15:20:56","slug":"kevin-oleary-company-buys-crypto-exchange","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/kevin-oleary-company-buys-crypto-exchange\/","title":{"rendered":"Kevin O’Leary Company Buys Crypto Exchange Coinberry For $31 Million"},"content":{"rendered":"\n
Kevin O'Leary company has expanded its market presence by agreeing to buy Toronto-based exchange Coinberry<\/a> for $31 million<\/h5>\n\n\n\n
\"Kevin
Kevin O'Leary Company Buys Crypto Exchange Coinberry For $31 Million<\/figcaption><\/figure>\n\n\n\n

Kevin O'Leary Buys Toronto-based Exchange Coinberry For $31 Million<\/h2>\n\n\n\n

WonderFi Technologies, which is backed by “Shark Tank” star Kevin O'Leary, has agreed to buy Toronto-based exchange Coinberry<\/a> for $31 million, expanding its market presence.<\/p>\n\n\n\n

“Mr. Wonderful” called the acquisition “extremely important,” emphasizing the importance of compliant access to cryptocurrencies.<\/p>\n\n\n\n

Earlier this year, the Vancouver-based DeFi<\/a> company agreed to pay $161.8 million for Bitbuy, one of the leading Canadian exchanges. The agreement enabled the rapidly expanding project to add more than 370,000 users.<\/p>\n\n\n\n

Kevin O'Leary Is A Staunch Cryptocurrency Advocate<\/h2>\n\n\n\n

Despite dismissing Bitcoin as “garbage” in 2019, O'Leary has since become a staunch cryptocurrency advocate, allocating 3% of his portfolio to cryptocurrency.<\/p>\n\n\n\n

O'Leary had one-fifth of his portfolio in cryptocurrencies and stocks of blockchain-related companies as of early March, more than doubling his exposure in a matter of months.<\/p>\n\n\n\n

Last August, the Canadian businessman was appointed as a spokesperson for the FTX exchange<\/a>. He is supposed to be paid in crypto assets as part of a multi-year agreement with the exchange.<\/p>\n\n\n\n

After investing in WonderFi, O'Leary became a firm believer in decentralized finance. He told Business Insider last year that financial middlemen would be left with “shining shoes.”<\/p>\n\n\n\n

Nonetheless, the space is rife with hacks and scams. The Beanstalk stablecoin\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> protocol was drained of $182 million on Sunday.<\/p>\n","protected":false},"excerpt":{"rendered":"

Kevin O’Leary company has expanded its market presence by agreeing to buy Toronto-based exchange Coinberry for $31 million Kevin O’Leary Buys Toronto-based Exchange Coinberry For $31 Million WonderFi Technologies, which is backed by “Shark Tank” star Kevin O’Leary, has agreed to buy Toronto-based exchange Coinberry for $31 million, expanding its market presence. “Mr. Wonderful” called […]<\/p>\n","protected":false},"author":29,"featured_media":24308,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[73,21],"tags":[9209,9210,9211],"class_list":["post-24306","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-defi-news","category-news","tag-defi-news","tag-kevin-oleary-2","tag-wonderfi"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/04\/Kevin-OLeary-Company-Buys-Crypto-Exchange-Coinberry-For-31-Million.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/24306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=24306"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/24306\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/24308"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=24306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=24306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=24306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}