Welcome to our dedicated page for WonderFi Technologies news (Ticker: WONDF), a resource for investors and traders seeking the latest updates and insights on WonderFi Technologies stock.
WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) is Canada's leading operator of regulated crypto trading platforms and other digital asset businesses. The company's wholly owned subsidiary, Bitbuy Technologies Inc., recently acquired the Canadian clients of Bitstamp, the world's longest-running cryptocurrency exchange. With a user base of over 1.75 million registered Canadians and assets under custody exceeding $1.5 billion, WonderFi serves one of the largest crypto investor communities in Canada. The company focuses on providing a secure and regulated platform for users to trade and invest in cryptocurrencies, with a commitment to safety and transparency.
WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF), Canada's leader in regulated crypto trading, has provided an update on its Bitcoin and Ethereum treasury program. As of July 22, 2024, the company's total holdings were valued at approximately US$4.19M (~$5.74M CAD). The program, which began in Q3, has shown positive results with unrealized gains on both Bitcoin (27.28%) and Ethereum (13.31%).
WonderFi's CEO, Dean Skurka, expressed optimism about the digital asset market's positive trend and the launch of U.S. Ethereum ETFs. Additionally, the company has engaged Native Ads Inc. for a comprehensive digital media marketing campaign with a budget of approximately USD$200,000, set to run for up to 6 months starting in July or August 2024.
WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) has launched WonderFi Labs, a new innovation and development arm focused on decentralized technologies. Led by VP of Engineering Kartik Bajaj, WonderFi Labs will develop, incubate, and invest in on-chain applications to expand the company's offerings beyond centralized trading platforms.
Initial products under development include WonderFi L2, a Layer 2 blockchain built on Ethereum for low-cost and fast transactions, and WonderFi Wallet, an EVM-compatible non-custodial wallet. These products align with WonderFi's international expansion plan and aim to reach a global audience.
CEO Dean Skurka emphasized the importance of on-chain solutions in the future of crypto, while CTO Cong Ly highlighted the company's commitment to innovation and technological advancement in the digital asset industry.
WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF), Canada's leader in regulated crypto trading, has entered the third week of its three-month Bitcoin and Ethereum treasury buying program, set to end on September 30, 2024. As of July 15, 2024, the company's total Bitcoin and Ethereum holdings were valued at approximately US$3.85M (~$5.27M CAD).
The company's existing treasury prior to Q3 2024 included 40.0 BTC at an average price of $53,255 USD (18.95% unrealized gain) and 320.0 ETH at an average price of $3,078 USD (10.65% unrealized gain). The Q3 treasury program has added 1.8 BTC at $57,097 USD (10.94% unrealized gain) and 32.8 ETH at $3,051 USD (11.63% unrealized gain).
WonderFi Technologies, a leader in regulated crypto trading, has launched a strategic Bitcoin and Ethereum buying plan to diversify its treasury assets and hedge against fiat currency inflation.
On July 5th, 2024, the company made its initial purchases and plans to invest an average of USD 100,000 per week in these digital assets during Q3.
WonderFi will use dollar cost averaging (DCA) to manage volatility and may stake Ethereum for additional rewards.
Decisions on pausing, modifying, or terminating the program will be made at the end of the quarter.
WonderFi's current crypto holdings include 40 Bitcoin and 320 Ethereum.
CEO.CA Technologies, a leading investor social network focused on junior resource and venture stocks, shares exclusive updates from top executives in a recent series titled 'Inside the Boardroom'.
In the latest installment, CEO.CA interviewed Dean Skurka of WonderFi Technologies, Thomas Abraham-James of Pulsar Helium, Mark Selby of Canada Nickel, and Dustin Perry of Kingfisher Metals. These discussions provide valuable insights into the strategies, challenges, and visions of these junior mining companies.
CEO.CA, a subsidiary of EarthLabs, attracts millions of global investors annually, offering a platform for knowledge exchange and impactful stock stories. The series aims to shape the business landscape by sharing firsthand industry leader perspectives.
WonderFi Technologies has launched Coinsquare Alpha, an enhanced institutional crypto service aimed at professional OTC clients managing large crypto portfolios with trading volumes over $1,000,000 CAD per year. The service offers various features including improved trading functionality with fill-or-kill trading in 53 assets and over 1300 trading pairs, 24/7 API connectivity for automated trading execution, non-custodial OTC services for a wider range of digital assets, bespoke custody solutions with multi-signature security, and a transparent asset staking program with competitive fee rebates.
The launch comes at a critical moment for institutional interest in crypto, spurred by the recent success of the US spot Bitcoin ETF. Coinsquare Alpha aims to support the evolving needs of the Canadian institutional crypto market and drive further growth and adoption of digital assets.
WonderFi Technologies announced the successful consolidation of its crypto trading platforms, Bitbuy and Coinsquare, under one regulated Investment Dealer, creating Canada's largest CIRO-regulated crypto trading platform. This move streamlines operations, enhances user experience, and aims for cost synergies and operational efficiencies. With 1.7 million registered users and assets exceeding $1.5 billion, WonderFi's platform now offers features like updated UI, customizable watchlists, automated price alerts, portfolio value charts, seamless Interac e-Transfers, and free crypto withdrawals. Cash balances are covered by CIPF up to $1 million.
Bitbuy clients have been securely migrated with no action required, ensuring a smooth transition with clear communication and support throughout. CEO Dean Skurka highlighted the benefits of enhanced security and material cost savings from this consolidation.
WonderFi Technologies, Canada's key operator of regulated crypto trading platforms, held its 2024 Annual General Meeting (AGM) virtually on May 24, 2024. The company announced that all motions and director nominees set out in their Management Information Circular were overwhelmingly approved by shareholders. A total of 284,464,335 common shares, representing 43% of the company's issued and outstanding shares, participated in the vote. Key director nominees, including Dean Skurka, Robert Halpern, Jaime Leverton, and others, received a high percentage of votes, generally around 96-97% approval. CEO Dean Skurka expressed optimism about the company's future growth and value creation for shareholders.
WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) reported record financial results for Q1 2024, with revenues of $18.5 million, net income of $4.9 million, and positive EBITDA of $7.0 million. The company's cash and digital assets increased to $52.5 million. Key highlights include increased revenues, EBITDA, and net income compared to the previous quarter and significant growth in client assets under custody. WonderFi completed strategic acquisitions, including FX Institution Pty. and the Canadian clients of Bitstamp, aiming for sustainable growth and value creation for shareholders in 2024.
WonderFi Technologies Inc. has entered into a cooperation agreement with KAOS Capital , resulting in changes to its Board of Directors and annual meeting date. The Agreement will see nine director nominees standing for election at the upcoming Annual Meeting on May 24, 2024, with a focus on long-term value creation for shareholders. Additionally, Mogo Inc. has agreed to a managed divestiture program and a modified voting support agreement, aligning with WonderFi's strategy. The Company is optimistic about future growth and profitability opportunities in the crypto and digital assets market.
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