WonderFi Applied sciences, a decentralized finance (DeFi) platform, plans to proceed its growth in Canada by buying the Coinberry crypto trade for $38 million. The platform would be the second regulated crypto trade beneath WonderFi as soon as the acquisition is finalized.

The agency not too long ago closed its acquisition of Bitbuy’s father or mother firm First Ledger Corp. for $162 million. In an interview, Kevin O’Leary mentioned that there will likely be “a number of extra and even greater” acquisitions which are on the way in which.

O’Leary additionally highlighted that the corporate is competing on the worldwide stage whereas ensuring that it is on “a regulated foundation.” The billionaire talked about that the crew is “not taking any dangers” and are working beneath regulated circumstances.

Based on O’Leary, the shoppers of each platforms acquired won’t see any on the spot modifications. Nonetheless, the Shark Tank star additionally famous that WonderFi plans so as to add options to every platform.

With the acquisition of Coinberry, WonderFi will personal two out of the six regulated exchanges in Canada. Bitbuy, WonderFi’s current buy grew to become absolutely regulated after being licensed by the Ontario Securities Fee (OSC) in November 2021. Then again, Coinberry additionally registered within the OSC in August final yr.

Other than the 2 exchanges, solely 4 different platforms are registered for offering crypto buying and selling. These embrace Wealthsimple, CoinSmart, Netcoins and Constancy.

Mr. Great plans to put money into mining firm shares

Kevin O’Leary, previously a Bitcoin skeptic, talked about final yr that his crypto holdings have surpassed his gold portfolio. Nonetheless, O’Leary additionally talked about that gold and Bitcoin (BTC) comparisons are irrelevant as they’re “two totally different asset lessons.”

In an unique interview with Cointelegraph, the businessman in contrast investing in BTC to investing in tech corporations like Google and Microsoft. Based on O’Leary, when individuals put money into these corporations, they’re “investing in software program.” O’Leary believes that investing in crypto is analogous.