Cryptocurrency Analysis and News Portal
Canadian financial institutions are increasingly taking an interest in crypto as regulatory clarity emerges in the country, according to WonderFi CEO Dean Skurka, who met up with Cryptox at the Blockchain Futurist Conference in Toronto.Skurka claimed that his exchange had seen an uptick in trading by institutions as opposed to
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Canadian-based companies WonderFi Technologies Inc., Coinsquare Ltd., and CoinSmart Financial Inc. have announced their merger to create Canada's largest regulated crypto asset trading platform with over 1.65 million registered users. The newly merged company will offer Canadians a wide range of diversified products and services, including retail and institutional crypto trading,
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Today, both WonderFi and Coinsquare are big players in the Canadian crypto industry.A Bloomberg report suggesting that WonderFi is in talks with Coinsquare over a potential merger has emerged. In that report, Bloomberg noted that the merger talks were advanced and an official announcement could follow in a few days.
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Crypto exchange WonderFi, which is backed by crypto investor and billionaire Kevin O’Leary, has confirmed it is in preliminary discussions with fellow Canadian crypto exchange Coinsquare for a possible merger.In a statement on Jan. 12, WonderFi responded to a Bloomberg report suggesting the two exchanges were in "advanced merger talks"
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The combination would create the country’s largest cryptocurrency exchange. Source
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