Expected to Go Live in Q1 2023 through Integration with Alpaca
Toronto, Ontario--(Newsfile Corp. - September 29, 2022) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) (FTX: WNDR) (the "Company" or "WonderFi") subsidiary Bitbuy Technologies Inc. ("Bitbuy") today announced its partnership with AlpacaDB, Inc. ("Alpaca"), which will enable Bitbuy to offer its users fractional trading and investing in thousands of US stocks and exchange traded funds (ETFs), in an integrated experience within the existing Bitbuy platform.
Bitbuy will utilize Alpaca's Broker API which will provide Bitbuy customers with real-time fractional trading and instant settlement. Bitbuy stock trading will be offered in conjunction with Alpaca and brokerage services through a leading Canadian investment bank and IIROC member. WonderFi's banking partner will route, execute, clear and custody all customer accounts and trades. Bitbuy stock trading is expected to go live in Q1 2023 and the official launch date will be announced prior to.
WonderFi CEO Ben Samaroo commented: "Providing seamless access to stock trading makes Bitbuy the first platform in Canada to offer a full suite of crypto trading as well as fractional trading of US equities with real-time settlement. This is in furtherance of our goal of making users' lives easier and bringing key asset classes within our easy-to-use, regulated platforms."
"Alpaca is always about opening financial services access globally, now with...
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