Wonderfi, a financial technology company, has completed its acquisition of Canadian crypto platform Coinberry with a total deal size of $30 million. The deal is expected to propel both companies forward, opening up opportunities for expansion and innovation.
Coinberry is a Canadian cryptocurrency platform founded in 2017 with the mission to provide a safe and secure platform for cryptocurrency trading. The company provides services to both individuals and institutions, including virtual wallets, order books, and options to earn rewards.
The $30 million deal provides Wonderfi with a greater foothold in the crypto trading space, while Coinberry benefits from Wonderfi's strengths in asset management. Some of the benefits of the acquisition include:
- Expansion: Coinberry is currently only available to Canadians, however the deal paves the way for expansion into other parts of the world.
- Innovation: Both Wonderfi and Coinberry are committed to innovation and development, so the two can collaborate and develop new products that provide an even better user experience.
- Accessibility: Coinberry can benefit from Wonderfi's extensive network of financial institutions. This will help Coinberry reach a wider audience and introduce them to the possibilities of crypto trading.
The acquisition is a big step forward for Wonderfi and Coinberry, and it gives customers peace of mind that they are dealing with two reliable and secure companies.