WonderFi
WonderFi owns and operates Bitbuy, Coinsquare, SmartPay, and Tetra, providing regulated crypto trading platforms and digital asset services in Canada and internationally. It is publicly traded on the Toronto Stock Exchange under the ticker WNDR and on the OTCQB under the ticker WONDF.
Company Overview
WonderFi is a publicly traded company that operates on the Toronto Stock Exchange under the ticker symbol WNDR and on the OTCQB under the ticker symbol WONDF. The company focuses on regulated crypto trading platforms and other digital asset businesses in Canada and internationally. WonderFi owns and operates Bitbuy, Coinsquare, SmartPay, and holds a significant ownership in Tetra. The company reported record financial results for the first quarter of 2024, with revenues of $18.5 million and a net income of $4.9 million.
Services and Platforms
WonderFi provides a range of services through its diverse platforms. Bitbuy is Canada’s leading regulated cryptocurrency company, offering services such as crypto trading, staking, corporate crypto services, and soon-to-be-launched stock trading. Coinsquare simplifies and enhances the management, trading, and transfer of financial assets, working towards modernizing finance. SmartPay allows businesses to send and receive crypto payments globally, converting crypto transactions into fiat currency. Additionally, WonderFi holds 37% ownership in Tetra, Canada’s only Qualified Custodian licensed to safeguard digital assets.
Financial Performance
WonderFi reported significant financial achievements in the first quarter of 2024, with revenues reaching $18.5 million and a net income of $4.9 million. This robust financial performance underscores the company's growth and operational efficiency in the crypto and digital assets market.
Client Base and Asset Management
Bitbuy and Coinsquare, platforms under WonderFi, collectively manage over $1.6 billion in client assets under custody. Additionally, WonderFi expanded its client base by acquiring the Canadian clients of Bitstamp, adding over 110,000 retail and institutional client accounts. This move demonstrates WonderFi’s commitment to growing its presence in the digital asset industry.