On July 4th, WonderFi, a cryptocurrency marketplace founded in 2021 and led by Ben Samaroo, closed its $30M acquisition of digital asset trading platform Coinberry, placing the latter as the second licensed platform in Canada that is owned by WonderFi.

According to the official announcement, the acquisition, approved by a number of provincial regulators such as the Ontario Securities Commission (OSC) and the Competition Bureau Canada, will allow both parties to boost WonderFi’s global supply of secure and compliant crypto, as well as provide users more access to digital assets.

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe – We publish new crypto explainer videos every week!

The CEO of WonderFi Ben Samaroo noted that the deal is “a significant step for WonderFi in our path to becoming a global leader in crypto.” Likewise, Adam Garretson, CLO of WonderFi, also stated that the company is excited about the acquisition, allowing the crypto-based marketplace to remain on “the front lines of legal and regulatory innovation in the digital asset space.”

WonderFi, currently trading on the NEO exchange, is a tech startup providing access to non-fungible tokens (NFTs), digital assets, such as Bitcoin (BTC) and Ethereum (ETH), as well as decentralized finance (DeFi), and gaming in a compliant and regulated environment via centralized and decentralized platforms.

Earlier this year, WonderFi also shared its plans to acquire Sun Machine Entertainment, a Canadian-based video game developer, for $13.5M by the end of this year. With the acquisition, the marketplace will be able to gain hands-on experience on play-to-earn (P2E) gaming, as well as NFT. Back in June, WonderFi was also listed on the Toronto Stock Exchange (TSX) under the symbol WNDR for trading.

by Gyth L. – Crypto Analyst, BitDegree