Three major Canadian-based companies, WonderFi Technologies Inc., Coinsquare Ltd., and CoinSmart Financial Inc., have recently united their efforts to establish a new regulated crypto asset trading platform. the platform come with over 1.65 million registered users, offering them a wide range of services, such as retail and institutional crypto trading, staking products, business-to-business crypto payment processing, gaming and sports betting.

The companies have transacted over $17 billion since 2017, and the merger is expected to broaden their earning potential by expanding their product offerings and services. Moreover, it is estimated that the unified company should possess approximately $50 million or more in cash and investments with no outstanding debt. According to the WonderFi interim CEO and president, Dean Skurka, the newly combined platform will feature diverse ways for customers to trade, earn, pay and invest via crypto, including placements for wagers in a compliant and reliable system.

CoinSmart was acquired by Coinsquare in September 2020 for an undisclosed amount and was later registered with IIROC - the Investment Industry Regulatory Organization of Canada - meaning that all client accounts will be protected by the Canadian Investment Protection Fund should an unfortunate situation of insolvency arise. Moreover, the company discussed a potential merger with Coinsquare in January this year, however, there was no guarantee that an agreement would be reached.

Fortunately, the companies managed to approvingly merge and form a new, digital platform, featuring an impressive array of financial services and products, so that customers can trade, earn, pay and invest with crypto as never before.



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