{"id":24382,"date":"2022-04-19T04:12:36","date_gmt":"2022-04-19T08:12:36","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=24382"},"modified":"2022-04-19T04:12:53","modified_gmt":"2022-04-19T08:12:53","slug":"wonderfi-set-to-buy-coinberry-for-38-million","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/wonderfi-set-to-buy-coinberry-for-38-million\/","title":{"rendered":"WonderFi Set To Buy Coinberry For $38 Million"},"content":{"rendered":"\n
WonderFi Technologies, based in Vancouver, has signed a deal to buy Coinberry, another licensed Canadian <\/a>cryptocurrency platform, less than a month after acquiring Bitbuy Technologies.<\/h5>\n\n\n\n
\"WonderFi
WonderFi Set To Buy Coinberry For $38 Million<\/figcaption><\/figure><\/div>\n\n\n\n

WonderFi, a digital business that provides financial services via DeFi, plans to expand in Canada by purchasing the Coinberry crypto exchange for $38 million in the company stock, according to the company's current share price.<\/p>\n\n\n\n

The project, if implemented, will merge two of Canada's six recognized digital asset trading sites. The company will gain a total of 160 workers and 750,000 subscribers if authorities and shareholders accept the deal.<\/p>\n\n\n\n

Bitbuy, based in Toronto and acquired for $163 million in cash\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> and stock, became fully regulated in November when the Ontario Securities Commission gave its approval. Coinberry, on the other hand, became an OSC member in August of last year.<\/p>\n\n\n\n

Coinberry was launched in 2017 and already has over 200,000 members and has processed over $1 billion in transactions. Coinberry bills itself as the “most safe and easiest way” to buy and sell Bitcoin, XRP, and Bitcoin Cash. Ethereum, Litecoin, and Litecoin.<\/p>\n\n\n\n

Coinberry, which employs 40 people, including software developers, has received regulatory permission from the OSC. As a result of this deal, WonderFi will have $100 million in assets under custody by the end of December 2021.<\/p>\n\n\n\n

“What matters is compliant \u201cWhat counts is compliant access to crypto, and WonderFi has quickly established itself as a pioneer in Canada,\u201d said Kevin O\u2019Leary, the crypto bull,\u00a0Shark Tank star and strategic adviser to WonderFi.<\/p>\n","protected":false},"excerpt":{"rendered":"

WonderFi Technologies, based in Vancouver, has signed a deal to buy Coinberry, another licensed Canadian cryptocurrency platform, less than a month after acquiring Bitbuy Technologies. WonderFi, a digital business that provides financial services via DeFi, plans to expand in Canada by purchasing the Coinberry crypto exchange for $38 million in the company stock, according to […]<\/p>\n","protected":false},"author":36,"featured_media":24383,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21,26],"tags":[9254,4084,9253],"class_list":["post-24382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-cryptocurrencies","tag-buy","tag-coinberry","tag-wonderfi-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/04\/61facca3e663b55458c178c8_Untitled-design-7.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/24382","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\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=24382"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/24382\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/24383"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=24382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=24382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=24382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}