Vancouver, British Columbia--(Newsfile Corp. - August 2, 2022) - WonderFi Technologies Inc. (TSX: WNDR) (OTC Pink: WONDF) (WKN: A3C166) (FSE: WNDR) (the "Company" or "WonderFi") is pleased to announce it has initiated the application process in multiple jurisdictions including in the United States, the United Kingdom and Australia to expand Bitbuy Technologies Inc. (and together with its affiliates, "Bitbuy") internationally, in furtherance of the Company's mission to provide simple access to crypto trading in a compliant and regulated manner.
These G20 jurisdictions have advanced financial infrastructure and are leaders in the global economy. WonderFi believes its investment in working with the regulators in these key jurisdictions to bring regulated crypto to their populations will help to legitimize crypto and create more confidence for users and investors in the years to come. The United States, the United Kingdom and Australia have a combined population of over 400 million.
Further, WonderFi announces that, in connection with its recent acquisitions of Bitbuy and Coinberry Limited ("Coinberry"), the Company is executing on its acquisition integration strategy to streamline internal functions across the three companies, primarily with respect to Information Technology, Security, Operations and Marketing (the "Integration Strategy").
WonderFi anticipates reductions in expenses associated with salaries and wages of approximately 20% for fiscal 2022, along with further...
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