Vancouver, British Columbia--(Newsfile Corp. - June 1, 2022) - WonderFi Technologies Inc. (NEO: WNDR) (OTC Pink: WONDF) (WKN: A3C166) (FTX: WNDR) (the "Company" or "WonderFi") is pleased to announce that the Ontario Securities Commission, principal regulator of Coinberry Limited ("Coinberry"), has granted its regulatory approval in connection with WonderFi's acquisition of Coinberry. WonderFi and Coinberry expect the acquisition to close on July 4, 2022, subject to closing conditions. On closing, Coinberry will become the second licensed crypto asset trading platform in Canada wholly owned by WonderFi, along with Bitbuy Technologies Inc.
WonderFi's CEO Ben Samaroo commented: "This regulatory approval is a significant step for WonderFi in our path to becoming a global leader in crypto. Both teams are excited to proceed with closing the transaction and begin working together on growing WonderFi's offering of secure and compliant crypto across the globe."
WonderFi's General Counsel and Chief Legal Officer Adam Garetson further commented: "Obtaining securities regulatory approval for the acquisition of Coinberry was a groundbreaking moment in the ongoing development of the compliant crypto market and sets a strong precedent for future regulated consolidation both domestically and internationally. We are thrilled to continue to be on the front lines of legal and regulatory innovation in the digital asset space."
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