Coinsquare, WonderFi in Merger Talks to Create Canadian Crypto Giant: Sources

Friday, January 13, 2023

Vancouver, BC, January 13, 2023--Shares of WonderFi Technologies Inc. jumped as much as 22 per cent before briefly being halted Wednesday afternoon after BNN Bloomberg reported the company was engaged in advanced merger talks with Coinsquare Ltd., according to sources familiar with the matter.

After the company's shares were halted at 1:51 p.m. EST, WonderFi released a statement stating that it acknowledges it has held "preliminary discussions" with other companies in respect to potential acquisitions and being acquired.

A deal would create the largest cryptocurrency exchange in Canada.