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.
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Rhea-AI Summary
WonderFi Technologies Inc. (WONDF) announces the successful investment in Solana, generating 61,720 coins and $6.7M profit to be recognized in Q4 2023. Coinsquare launches staking services for Ethereum, Solana, Cardano, and other cryptocurrencies, with over $3.5M staked initially. WonderFi plans to stake a portion of Solana from the investment. Notable investor Kevin O'Leary expresses confidence in WonderFi's position in the Canadian financial services sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.24%
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Rhea-AI Summary
WonderFi Technologies Inc. partners with The Tie to bring immersive news to Canada's largest crypto investor community. The partnership aims to boost monthly active users and time spent in-app by offering real-time news on Coinsquare platform.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.8%
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Rhea-AI Summary
WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) announced operational updates and unaudited financial information. The company reported $4.8M in consolidated revenue for January 2024, a 751% increase year-over-year. Cash and digital asset holdings were $37.4M as of December 31, 2023. The company achieved positive EBITDA and cash-flow positive operations on a consolidated basis. Crypto trading platforms facilitated over $350M in combined trading volumes during the month, representing a 524% increase year-over-year. Client assets under custody for Bitbuy and Coinsquare were approximately $1B as of January 31, 2024. SmartPay, the crypto payments processing platform, processed over $1B in total volumes since 2020. Bitbuy Private Wealth traded over $100M in volumes in January 2024, with an average trade size of $277K. The company also experienced increased user activity and account sign-ups, with an 82% year-over-year increase in active users in January.
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Rhea-AI Sentiment
End-of-Day
7.21%
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Rhea-AI Summary
WonderFi Technologies Inc. provides an update on key performance indicators following a historic week for the digital asset industry. The company's trading platforms, Bitbuy and Coinsquare, saw significant increases in trading volumes, user activity, and staking activity. Additionally, WonderFi will be participating in upcoming investor conferences and appearances.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.39%
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Rhea-AI Summary
WonderFi Technologies Inc. (WNDR) expects Q4 2023 revenues of $12.5 to $13 million, representing 29% growth quarter over quarter. The company achieved cash-flow positive operations for the quarter and ended 2023 with client assets under custody exceeding $1 billion. Bitbuy and Coinsquare facilitated $760 million in combined trading volumes during the quarter, with SmartPay processing over $180 million in crypto payment volumes. WonderFi also expects to achieve positive non-adjusted EBITDA and operating earnings on a consolidated basis for the quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.7%
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Rhea-AI Summary
WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) is pleased to announce a collaboration between its subsidiary Bitbuy Technologies Inc. and BitGo Trust Company's Go Network, providing enhanced settlement and liquidity solutions to institutional partners.
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Rhea-AI Sentiment
End-of-Day
6.07%
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Rhea-AI Summary
WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) announces partnership between Coinsquare Capital Markets Ltd. and MeetAmi Innovations Inc. to provide educational content for licensed wealth advisors in Canada.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.57%
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News
Rhea-AI Summary
WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) announces that its crypto trading platforms, Bitbuy and Coinsquare, have surpassed $1 billion in combined client cash and digital assets under custody. The platforms experienced a 16% increase in monthly active users and a 54% increase in total trading volume in November, indicating growing user activity and price appreciation in the digital asset sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.29%
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Rhea-AI Summary
WonderFi Technologies Inc. (WNDR) Announces Completion of Bitbuy Technologies Inc.'s 5th Annual Proof of Reserves & Platform Due Diligence Audit for 2023
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Rhea-AI Sentiment
End-of-Day
1.47%
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Rhea-AI Summary
WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) announced that its subsidiary Bitbuy Technologies Inc. has acquired all client accounts of Bitvo Inc. and the Bitvo.com domain. The acquisition includes 17,000+ registered client accounts generating over $235 million in trading volume and $1.5 million in net revenue in the past twelve months. Bitbuy will receive all client accounts and associated trading volumes and net revenues and anticipates nominal incremental operating costs. This strategic move aims to enhance the crypto trading experience for Canadians.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
23.44%
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WONDERFI TECHNOLOGIES INC
OTC:WONDF
WONDF Rankings
WONDF Stock Data
114.79M
554.04M
11.28%
0.36%
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