Kevin O’Leary-Backed Startup to Acquire Second Canadian Crypto Exchange: Report

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Kevin O’Leary-Backed Startup to Acquire Second Canadian Crypto Exchange: Report
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A few weeks after purchasing Bitbuy, WonderFi is set to acquire another Canadian crypto exchange - Coinberry.

the Toronto-based crypto exchange Bitbuy Technologies Inc. for approximately $163 million in cash and shares., the organization wants double down on its endeavors by acquiring Coinberry for nearly $30 million. If greenlighted by regulators and shareholders, the deal will grant WonderFi a total of 160 employees and 750,000 customers.

O’Leary – a popular TV personality and one of the strategic investors at WonderFi – said there are “several more and even bigger” acquisitions on the horizon for the company:“We’re definitely setting ourselves up to go toe to toe on the global stage. But remember, we’re doing it on a regulated basis, unlike those other players. We are 100 percent operating under the order, and we’re not taking any risks on that.”Coinberry was founded in 2017.

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