WonderFi Stocks Jump Over 7% as Company Closes Coinberry Acquisition


WonderFi Technologies, a Canadian cryptocurrency firm, said in a press release it has closed the acquisition of Coinberry for $38.3 million. Backed by Kevin O’Leary and FTX Founder Sam Bankman-Fried, WonderFi has become the first Canadian crypto company that operates multiple crypto licenses.

With the acquisition, WonderFi gets an additional 225,000 users and almost $100 million of client assets under custody. Coinberry CEO, Andrei Poliakov, will join WonderFi as Head of Brokerages.

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Amid the news, WonderFi stocks (WNDR) jumped on the Toronto Stock Exchange, by over 7.2% to $0.4. WonderFi first announced the acquisition of Coinberry in mid-April, adding that the deal would be stock-only.

Founded in 2017, Coinberry transacted over $1 billion in crypto to date. The exchange currently features 29 of the top cryptocurrency trading pairs and services over 220,000 users, with over $13 million in revenue for the twelve months ended December 31, 2021.


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