Canadians allocate over $1b in WonderFi’s two crypto exchanges
Coinsquare and Bitbuy have apparently become two dominant crypto platforms in Canada, with over $1 billion in combined client cash and crypto under custody. In a press release on Dec. 6, 2023 WonderFi said its subsidiaries — Coinsquare and Bitbuy — experienced a combined 16% increase in November 2023 compared to October 2023. The both platforms have also recorded a 54% increase in total trading volume during November, compared to the “average monthly total trading volume in the third quarter,” the report says. Dean Skurka, President and Chief Executive Officer of WonderFi, says the firm is encouraged by “improving industry conditions” as the total number of clients’ assets under custody increased in November 2023 by more than $300 million compared to Q3, 2023. You might also like: KPMG Canada collaborates with Chainalysis to combat crypto frauds and exploits In January 2023, crypto .news reported that WonderFi had about 650,000 customers and...