WonderFi Technologies Inc. - WONDF STOCK NEWS

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.

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.

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.

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.

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.

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.

WonderFi Technologies Inc. (WNDR) Announces Completion of Bitbuy Technologies Inc.'s 5th Annual Proof of Reserves & Platform Due Diligence Audit for 2023

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.

WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) announced its Q3 2023 financial results, reporting $9.9 million in revenues, a net loss per share decrease to ($0.02), and total cash and digital assets of $32.9 million. Bitbuy and Coinsquare processed over $505 million in trading volumes, with SmartPay processing over $168 million in payment volumes. The company's focus on financial sustainability and strategic acquisitions has led to improved market conditions and operational efficiency, positioning WonderFi to deliver positive adjusted-EBITDA in Q4 2023.