Canadian cryptocurrency exchanges Coinsquare and WonderFi aim to merge with Canada’s largest cryptocurrency exchange.
According to the news of BNN Bloomberg, Canada’s two leading stock exchanges are already Coinsquare and WonderFi It has started negotiations to set up Canada’s largest crypto exchange. If the agreement, which has not been concluded yet, is realized, the new company resulting from the merger With 1.15 million users Canada’s largest cryptocurrency exchange will have the title.
Although the details of the terms of the agreement are not clear yet, the anonymous sources that are the subject of the news, Coinsquare shareholders majority in the combined business predicts that he will buy his share.
WonderFi announced on January 12 that the two exchanges “Creating a Canadian crypto giant” for “advanced merger talks” confirmed the news suggesting that he was in. A WonderFi spokesperson said at this stage of the talks “preliminary” and added that he could not guarantee that an agreement would be reached.
These negotiations are preliminary in nature and are ongoing, and no assurance can be given that any agreement or agreements will be reached or that the terms of a transaction will be accepted or completed.
After these news emerged, it was publicly traded in Canada. in WonderFi shares Up to 30% increase seen.