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Kevin O’Leary-backed WonderFi to buy Bitbuy parent company for $162M

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Kevin O’Leary-backed decentralized finance (DeFi) platform WonderFi Technologies is increasing its footprint in Canada by buying the first regulated crypto exchange in the country. WonderFi agreed to pay close to $162 million (206 million Canadian dollars) to acquire First Ledger Corp., the parent company of Bitbuy. WonderFi aims to become an end-to-end

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Kevin O’Leary-Backed DeFi Platform WonderFi to Purchase Bitbuy for $162M in Cash, Shares

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Bobby Halpern, principal of Toronto-based Halpern & Co., acquired Bitbuy toward the beginning of 2018, when the exchange had about 500 customers and bitcoin prices were crashing. The company now has over 375,000 Canadian customers and generated over C$31 million ($24 million) in revenue during the 12-month period ending Sept.

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