DeFi platform WonderFi Technologies has agreed to acquire Canadian cryptocurrency exchange Coinberry. Information known from the official press release.
The deal was valued at $30.3 million. The parties plan to close it in the second quarter of 2022.
WonderFi plans to strengthen its presence in Canada through this deal. Has been acquired local service Bitbuy, and now the team is expanding this brand in Australia and plans to expand to the US by the end of the year.
WonderFi strategic investor Kevin O’Leary called the team’s purchases “extremely important”. He is sure that this speaks of the foresight of the platform’s plans.
In August 2021, Coinberry became one of the regulated crypto exchanges that the Ontario Securities Commission forbidden to work with the USDT stablecoin from Tether.
We also wrote that 67% of Canadians are ready to receive a salary in cryptocurrency
