WonderFi Technologies Inc. (NEO: WNDR) (OTC: WONDF) to acquire Coinberry - RICH TV LIVE

WonderFi Technologies Inc. (NEO: WNDR) (OTC: WONDF) to acquire Coinberry - RICH TV LIVE - April 18, 2022 - #wonderfitechnologies #coinberry #richtvlive #business #news #finance #education #crypto #blockchaintechnology #wndr #wondf #richtv #rich #money
WonderFi Technologies Inc. (NEO: WNDR) (OTC Pink: WONDF) (WKN: A3C166) (FTX: WNDR) (the "Company" or "WonderFi") today announced that it has entered into a definitive agreement to acquire Coinberry Limited ("Coinberry"), one of Canada's leading crypto asset trading platforms and Canada's first pure-play licensed crypto broker. The announcement of the proposed acquisition comes shortly after the March 24th closing of WonderFi's acquisition of Bitbuy, Canada's first licensed crypto marketplace.

The transaction is valued at approximately $38.3 million in an all-stock deal and is expected to close in Q2 2022.

"This acquisition further establishes WonderFi as a leader amongst crypto companies in Canada, and along with our acquisition of Bitbuy, establishes a great framework for our expansion into global markets in 2022" commented Ben Samaroo, CEO of WonderFi. "As we continue our consolidation of leading licensed crypto platforms, our user count, revenue and pool of talent continues to grow."

On closing of the acquisition, WonderFi will house one of the largest communities of Web3 users in Canada with over 750,000 users, and will be Canada's largest employer of crypto-industry professionals with over 180 staff.

Coinberry was founded in 2017 and has become one of Canada's leading crypto trading platforms with over $1 billion transacted to date. Coinberry currently features 29 of the top cryptocurrency trading pairs and services over 220,000 users, with over $13M in revenue for the twelve months ended December 31, 2021.

Kevin O'Leary, strategic investor in WonderFi commented: "WonderFi's management team continues to execute on accretive acquisitions and this is an extremely important one, because it shows the speed and vision behind WonderFi's plan". "Compliant access to crypto is what matters and WonderFi has quickly established itself as a leader in Canada. Next stop, global."

"We have a shared belief with WonderFi that providing our users with convenient access to crypto wealth building opportunities through a seamless integration and unified access to digital assets is the future and where we are positioning ourselves" commented Andrei Poliakov, CEO of Coinberry. "At Coinberry, we set out to build the global digital financial institution of the future and we are very happy to be joining the phenomenal WonderFi team to achieve this goal."

Further solidifies WonderFi as a leader of licensed crypto trading platforms in Canada and internationally
Adds one of Canada's largest and most recognizable crypto trading platforms with a demonstrated history of revenue growth since inception
Presents numerous operational synergy and cost efficiency opportunities across WonderFi, Bitbuy and Coinberry via user base integration, cross selling services and a combined global offering
Immediately adds over 220,000 users to the WonderFi ecosystem and over $100 million of assets under custody as at December 31, 2021
Presents the ability to bring new features, offerings and functionality to an existing user base on the Bitbuy and Coinberry platforms
Accelerates product development capabilities and scaling potential by adding over 50 staff including engineers and other personnel

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