Welcome to our dedicated page for Banxa Hldgs news (Ticker: BNXAF), a resource for investors and traders seeking the latest updates and insights on Banxa Hldgs stock.
Banxa Holdings Inc. (BNXAF) has been the subject of frequent corporate and regulatory updates, particularly in connection with its role as an infrastructure provider for embedded crypto and its transition from a public company to a wholly owned subsidiary of OSL BNXA Acquisition Inc., part of OSL Group Limited. The news flow around Banxa highlights both its operational developments in embedded crypto infrastructure and the steps involved in its take-private transaction.
Readers of the BNXAF news page can review announcements describing Banxa’s embedded crypto focus, its network of global and local payment solutions, and its reliance on regulatory licenses to support integration of crypto and fiat for global audiences. News items also cover the company’s regulatory milestones, such as securing a Markets in Crypto Assets (MiCA) license in the Netherlands through its subsidiary EU Internet Ventures B.V., and disclosures about money transmitter licenses in U.S. states and licenses in the UK, Canada, and Australia.
A significant portion of Banxa’s recent news relates to the plan of arrangement with OSL Group. Articles document securityholder approvals, court orders from the Supreme Court of British Columbia, updates on required regulatory approvals, and the eventual closing of the arrangement on January 2, 2026. These releases explain how all issued and outstanding Banxa shares were acquired for cash consideration and how Banxa became a wholly owned subsidiary of the purchaser, with its shares expected to be delisted from the TSX Venture Exchange, OTC Pink, and Frankfurt Stock Exchange.
Investors and researchers can use this news page to follow the historical sequence of Banxa’s financial disclosures, including quarterly and annual results, and to understand the context of the company’s strategic shift through the take-private transaction with OSL Group.
Banxa Holdings (OTCQX:BNXAF) will announce its financial results for the quarter ending March 31, 2022, after market close on May 30, 2022. A live webcast to discuss these results is scheduled for May 31, 2022, at 8:30 AM ET. The company provides payment infrastructure and regulatory compliance solutions for the digital assets industry. Banxa aims to create a fairer financial system globally, with headquarters in Melbourne and Amsterdam.
Banxa Holdings (TSX-V:BNXA, OTCQX:BNXAF) has announced that Domenic Carosa, Founder and Chairman, will present at several upcoming investor and industry conferences. These include the Sequire Fintech Conference on May 19, 2022, the H.C. Wainwright Global Investment Conference from May 23-26, 2022, and the LD Micro Invitational from June 7-9, 2022. Each event will feature opportunities for one-on-one meetings with investors. Banxa aims to enhance access to a fair financial system through its payment solutions.
Banxa Holdings (TSXV:BNXA) announces the launch of its Fiat to NFT Checkout solution, targeting the expanding USD$17 billion NFT market. This partnership with Atomic Hub aims to ease NFT purchases for consumers using credit cards. In April, Banxa secured new partnerships with BitForex, Umbria, and CoinTiger, while adding five new coins including HBAR and LUNA. The company's Total Transaction Value for April reached AUD$79 million (USD$56 million), reflecting a market-aligned performance.
Banxa Holdings is expanding its global footprint by establishing local operations in Brazil, Turkey, the UK, and the USA, enhancing accessibility to digital asset transactions. The company has launched local payments in Brazil via PIX, increasing consumer options for fiat to crypto conversions. Additionally, Banxa has partnered with Hedera to support USDC stablecoin transactions, marking a significant milestone in the Web3 ecosystem. This expansion aims to facilitate crypto adoption in emerging markets while improving transaction efficiency for its partners.
Banxa Holdings announced a significant growth in its Total Transaction Volume (TTV), reaching AUD $355 million (USD $274 million) for Q3 2022, a 71% increase year-on-year from AUD $207 million (USD $159 million). In March 2022, TTV was AUD $81 million (USD $60 million). The company signed nine new partnerships, including major platforms like Paxful and Pionex, and introduced 13 new cryptocurrencies such as APE and AXS. Additionally, Banxa engaged a market maker while announcing the departure of its CMO.
BANXA Holdings (TSX-V:BNXA) (OTCQX:BNXAF) has announced its participation in significant conferences that will enhance its presence in the digital assets industry. The company will attend Bitcoin 2022 from April 6-9 in Miami Beach, FL, focused on cryptocurrency and individual sovereignty. Additionally, SNN Planet MicroCap Showcase will take place May 3-5 in Las Vegas, NV, where founder Domenic Carosa will present on May 4 at 3 PM PT. Banxa aims to bridge access to equitable financial systems and is headquartered in Melbourne.
Banxa Holdings Inc. held its annual general and special meeting on March 31, 2022, where shareholders approved all agenda items, including the reappointment of RSM Canada LLP as auditors and the re-election of board members. Significant amendments were made to the escrow agreement, reducing the term from 36 to 18 months, pending TSXV approval. Additionally, a new 10% rolling stock option plan was adopted to align with recent TSXV Policy changes. These decisions aim to enhance corporate governance and compensation structures.
Banxa Holdings Inc. announced a Total Transaction Volume (TTV) of AUD $106 million (USD $76 million) for February 2022, marking a 48% year-on-year increase. In February, Banxa processed over 127,000 transactions and welcomed five new partners, including TokenPocket and ApolloX. The company expanded its fiat currency support to a total of 32 currencies and secured cryptocurrency custody registration from the Dutch National Bank, enabling it to hold Bitcoin and Ethereum for customers. This highlights Banxa's growing footprint in the digital assets market.
Banxa Holdings (TSX-V:BNXA, OTCQX:BNXAF) announced its participation in the Q1 Virtual Investor Summit on March 8, 2022, where Domenic Carosa, Founder and Chairman, will engage in one-on-one meetings with investors. The event will be held at 1:15 p.m. Eastern Time and requires registration. Banxa, a pioneer in payment services for the digital asset sector, aims to enhance financial accessibility globally. Based in Melbourne, Australia, with European operations in Amsterdam, Banxa is committed to providing regulatory compliance and payment infrastructure.
Banxa Holdings Inc. reported impressive financial results for the quarter ending December 31, 2021. Total Transaction Value soared 461% year-over-year, reaching $594 million AUD ($431 million USD), while revenue increased by over 522% to $28 million AUD ($21 million USD). The company holds $26 million AUD in liquid assets and achieved adjusted positive operating cash flow for the six-month period. However, it reported an adjusted EBITDA loss of $1.3 million AUD ($0.9 million USD). Banxa's expansion in the digital asset space continues, bolstered by the addition of 30 new coins and chains.
FAQ
What is the current stock price of Banxa Hldgs (BNXAF)?
What is the market cap of Banxa Hldgs (BNXAF)?
