WonderFi to acquire crypto exchange Coinberry, just weeks after closing Bitbuy deal
Posted April 18, 2022 7:42 am.
Last Updated April 18, 2022 7:46 am.
TORONTO — WonderFi Technologies Inc. plans to acquire Toronto-based cryptocurrency exchange Coinberry.
The Kevin O’Leary-backed company says the deal is valued at approximately $38.6 million in stock.
The agreement comes only a few weeks after WonderFi closed its deal to buy Bitbuy Technologies Inc., another Toronto-based cryptocurrency exchange.
WonderFi says its community of registered users will grow to over 750,000 with the purchase of Coinberry.
WonderFi CEO Ben Samaroo says this acquisition, along with the Bitbuy deal, “establishes a great framework” for the company’s expansion into the global markets this year.
The deal is expected to close in the second quarter of 2022.
This report by The Canadian Press was first published April 18, 2022.
The Canadian Press
