$WONDF NEWS: WonderFi Achieves Historic Milestones
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Posted On: 12/03/2024 10:46:45 AM
$WONDF NEWS: WonderFi Achieves Historic Milestones in November
December 03, 2024 8:00 AM EST | Source: WonderFi Technologies Inc. $WNDR
Sets monthly records in client assets under custody, assets staked on platform, client registrations and monthly transacting users
Delivers sharp increases in revenue and interest income, and total trading volume
Toronto, Ontario--(Newsfile Corp. - December 3, 2024) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) ("WonderFi" or the "Company"
, a global leader in centralized and decentralized financial services and products, is pleased to share that its wholly-owned and operated Bitbuy and Coinsquare crypto trading platforms achieved a number of historic milestones in the month of November 2024.
"The records we've set in the past month underscore our ability to offer reliable, safe and secure trading in the world's premier cryptocurrencies while delivering an exceptional customer experience," said WonderFi President & CEO Dean Skurka. "We're also pleased the strong momentum in our business is carrying into December, supported by a broader bull market for digital assets and a promotional holiday campaign aimed at rewarding loyal customers and driving higher engagement. We remain focused on continuous improvement and innovation as we build Bitbuy and Coinsquare into world-class cryptocurrency destinations for retail and institutional investors alike."
Key Financial and Operational Highlights for November 2024:
Achieved $8.5 million in revenue and interest income, representing an increase of 141% from October, and 210% increase from the Q3 2024 Monthly Average. Costs associated with the revenue were in-line with ordinary course operating conditions.
Bitbuy and Coinsquare facilitated $450 million in trading volumes in November, representing a 185% increase from the Q3 2024 Monthly Average.
Achieved a new record in client assets under custody, surpassing $2.2 billion as of the end of November, an increase of 125% year-to-date.
User registrations surpassed 20,000 in November, the best month this year, representing an increase of 120% compared to October, and 219% compared to the Q3 Monthly Average.
Monthly Transacting Users on the Bitbuy and Coinsquare platform increased by 82% compared to October, and 80% compared to the Q3 Monthly Average.
During the month of November, the Company re-purchased for cancellation 3,075,500 common shares at an average price of $0.195.
ABOUT WONDERFI
WonderFi is the largest regulated crypto trading platform in Canada and a global leader in centralized and decentralized financial services and products.
With over $2.2B in assets under custody, WonderFi is well-positioned to service crypto participants on a global scale with trading, payments and decentralized products, including purpose-built blockchains and non-custodial wallet applications.
Designed to provide investors with diversified investment exposure across the global digital asset ecosystem, the Company has a proven track record of launching new products and obtaining applicable licenses. It is also the owner of market-leading brands, including Bitbuy, Coinsquare, SmartPay and Tetra Trust.
As the world continues to move on-chain, WonderFi is strategically placed to capture both market and wallet share through ongoing innovation within the digital asset space.
For more information, visit www.wonder.fi
December 03, 2024 8:00 AM EST | Source: WonderFi Technologies Inc. $WNDR
Sets monthly records in client assets under custody, assets staked on platform, client registrations and monthly transacting users
Delivers sharp increases in revenue and interest income, and total trading volume
Toronto, Ontario--(Newsfile Corp. - December 3, 2024) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) ("WonderFi" or the "Company"
, a global leader in centralized and decentralized financial services and products, is pleased to share that its wholly-owned and operated Bitbuy and Coinsquare crypto trading platforms achieved a number of historic milestones in the month of November 2024. "The records we've set in the past month underscore our ability to offer reliable, safe and secure trading in the world's premier cryptocurrencies while delivering an exceptional customer experience," said WonderFi President & CEO Dean Skurka. "We're also pleased the strong momentum in our business is carrying into December, supported by a broader bull market for digital assets and a promotional holiday campaign aimed at rewarding loyal customers and driving higher engagement. We remain focused on continuous improvement and innovation as we build Bitbuy and Coinsquare into world-class cryptocurrency destinations for retail and institutional investors alike."
Key Financial and Operational Highlights for November 2024:
Achieved $8.5 million in revenue and interest income, representing an increase of 141% from October, and 210% increase from the Q3 2024 Monthly Average. Costs associated with the revenue were in-line with ordinary course operating conditions.
Bitbuy and Coinsquare facilitated $450 million in trading volumes in November, representing a 185% increase from the Q3 2024 Monthly Average.
Achieved a new record in client assets under custody, surpassing $2.2 billion as of the end of November, an increase of 125% year-to-date.
User registrations surpassed 20,000 in November, the best month this year, representing an increase of 120% compared to October, and 219% compared to the Q3 Monthly Average.
Monthly Transacting Users on the Bitbuy and Coinsquare platform increased by 82% compared to October, and 80% compared to the Q3 Monthly Average.
During the month of November, the Company re-purchased for cancellation 3,075,500 common shares at an average price of $0.195.
ABOUT WONDERFI
WonderFi is the largest regulated crypto trading platform in Canada and a global leader in centralized and decentralized financial services and products.
With over $2.2B in assets under custody, WonderFi is well-positioned to service crypto participants on a global scale with trading, payments and decentralized products, including purpose-built blockchains and non-custodial wallet applications.
Designed to provide investors with diversified investment exposure across the global digital asset ecosystem, the Company has a proven track record of launching new products and obtaining applicable licenses. It is also the owner of market-leading brands, including Bitbuy, Coinsquare, SmartPay and Tetra Trust.
As the world continues to move on-chain, WonderFi is strategically placed to capture both market and wallet share through ongoing innovation within the digital asset space.
For more information, visit www.wonder.fi
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1️⃣I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
2️⃣All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
3️⃣I will not and cannot be held liable for any actions you take as a result of anything you read here.
4️⃣Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.