This news release constitutes “a designated news release” for the purposes of the Company’s prospectus supplement dated December 23, 2022 to its short form base shelf prospectus dated September 7, 2022.
Vancouver, British Columbia–(Newsfile Corp. – January 23, 2023) – WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) (the “Company” or “WonderFi“) is pleased to announce that its main operating subsidiary, Bitbuy Technologies Inc. (together with its affiliates, “Bitbuy“), has partnered with Cumberland DRW LLC (“Cumberland“) to further enhance liquidity on Bitbuy’s registered crypto asset marketplace.
Cumberland is a specialized crypto asset trading subsidiary within the DRW Trading Group (“DRW“), a diversified principal liquidity provider with more than 30 years of experience in traditional and cutting-edge financial markets around the world. Cumberland, which was founded in 2014 and is now one of the world’s leading liquidity providers in crypto assets, is anticipated to provide significant additional liquidity to the Bitbuy platform. This effort, which will be supported by DRW’s robust offices in Montreal and Toronto, is anticipated to allow the Bitbuy trading platform to fulfill demand from large institutions and retail investors alike.
“We are excited that Cumberland is collaborating with Bitbuy as a registered crypto-trading platform partner in Canada,” said WonderFi President and Interim CEO, Dean Skurka. “By accessing Cumberland’s deep liquidity, Bitbuy is now better positioned as it continues to strive to offer its users some of the most competitive crypto prices in Canada.”
“We are pleased to continue to expand our footprint in Canada – an important market for Cumberland – by offering crypto liquidity to Bitbuy, a registered exchange serving crypto enthusiasts and larger investors across Canada,” said Nathalie Ngo, Relationship Manager for Canada. “Cumberland shares Bitbuy’s commitment to transparency, and we are confident our deep, consistent liquidity will help the company efficiently and effectively serve its customers.”
Additional Information
For additional information, please contact:
President and Interim CEO
Dean Skurka
[email protected]
Media / Investor Relations
Binu Koshy, Communications Director
[email protected]
ABOUT WONDERFI
WonderFi is a leading technology company with the mission of creating better, unified access to digital assets through centralized and decentralized platforms. WonderFi’s executive team and Board of Directors have an established track record in finance and crypto. WonderFi’s core team of engineers and technologists believe that everyone should have equal access to finance and are aligned in the mission to empower people around the world to access finance in a simple, smart and secure way. For more information, visit www.wonder.fi.
ABOUT CUMBERLAND
Launched in 2014 as the crypto arm of global trading firm DRW, Cumberland is one of the world’s leading crypto liquidity providers, serving…
