Krypto-udveksling WonderFi bekræfter fusionsforhandlinger med Coinsquare

Krypto-udveksling WonderFi bekræfter fusionsforhandlinger med Coinsquare

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.

I en erklæring den 12. januar svarede WonderFi på en Bloomberg-rapport, der antydede, at de to børser var i "avancerede fusionsforhandlinger" for at "skabe en canadisk kryptogigant."

WonderFi præciserede, at diskussionerne var "foreløbige" på dette stadium, og tilføjede, at de ikke kan garantere, at en aftale vil blive indgået.

Crypto exchange WonderFi confirms merger talks with Coinsquare PlatoBlockchain Data Intelligence. Vertical Search. Ai.
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"Som svar på pressespekulationerne anerkender Selskabet, at det har ført indledende drøftelser med forskellige tredjeparter med hensyn til både potentielle opkøb og Selskabet, der opkøbes, hvilket er i overensstemmelse med tidligere praksis og Selskabets generelle opkøbsstrategi." 

"Disse diskussioner er af foreløbig karakter og er i gang, og der kan ikke gives sikkerhed for, at nogen aftale eller aftaler vil blive indgået, eller at vilkårene for en transaktion vil blive aftalt, eller at en transaktion vil blive gennemført," hedder det.

WonderFi is a crypto exchange headquartered in Vancouver Canada. 

Coinsquare is also a crypto exchange operating in Canada and is based in Toronto. A Bloomberg indberette on Jan. 12 said that although Coinsquare does not disclose assets under management they are estimated to have 500,000 users on its platform.

Crypto exchange WonderFi confirms merger talks with Coinsquare PlatoBlockchain Data Intelligence. Vertical Search. Ai.
WonderFi’s corporate overview from November 2022. Source: WonderFi Q3 2022 investor deck.

A potential merger of the two could see the combined entity serving 1.15 million users, making them the argest exchange in Canada. 

WonderFi is one of the few publicly traded exchanges in Canada and has seen its share price increase by nearly 30% over the last 24 hours following press speculation of a merger.

Crypto exchange WonderFi confirms merger talks with Coinsquare PlatoBlockchain Data Intelligence. Vertical Search. Ai.
WonderFi share price from Jan. 5 to Jan. 12. Source: TradingView.

News of the two exchange’s potential merger comes just days after Coinsquare afsluttet en aftale om acquire all the outstanding shares for a subsidiary of Canadian crypto exchange CoinSmart, in a deal which CoinSmart announced on Sep. 22 would see them receive $3 million cash and over $26 million in Coinsquare shares as payment.

WonderFi also had a busy year of acquisitions in 2022, announcing on Jan. 4 that they would be acquiring fellow Canadian crypto exchange Bitbuy’s parent company for $162 million, før det continued its Canadian expansion by acquiring crypto exchange Coinberry for $38 million on Apr. 18.

Both of the acquisitions have since been finalized.

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In an interview at the time O’Leary had mentioned that there would be”several more and even bigger” acquisitions on the way.

Det senest erhvervede North American blockchain development firm Blockchain Foundry on Sep. 1, 2022, which recently launched a nonfungible technology (NFT) minting platform and marketplace, in addition to a Web3 learning platform.

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