Wonderfi is considering a partnership that will bring derivatives trading with Canadian and Australian platforms BitBuy and Coinsquare.
Vancouver-based Wonderfi Technologies Inc. is exploring new partnerships to bring derivative transactions to Canadian and Australian crypto platforms, BitBuy and Coinsquare.
In a press release on March 5, the company revealed that it had entered a non-binding statement of intent with Australian broker Eight-cap and its built-in embedded solution.
These products are offered as variance agreements regulating commercial derivatives, allowing users to speculate about the movement of asset prices without owning the underlying assets, the press release reads.
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Eight -Cap provides trading technology and liquidity to BitBuy and Coinsquare, offering opening products in Canada and openings for BitBuy in Australia.
Wonderfi CEO Dean Skurka said the collaboration “sets up a framework that we believe will show significant progress and empower users to enhance access to global financial markets. The rollout of the new product is expected as final contracts and regulatory approvals are pending in the second half of 2025.
In May 2024, Wonderfi announced the integration of its trading platform Coinsquare and BitBuy, becoming Canada’s largest crypto trading platform regulated by Canadian investment regulators.
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