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Kevin O’Leary-backed WonderFi to buy Bitbuy parent company for $162M

Published 01/05/2022, 04:20 AM
Updated 01/06/2022, 06:00 AM
© Reuters.

Kevin O’Leary-backed decentralized finance (DeFi) platform WonderFi Technologies is increasing its footprint in Canada by buying the first regulated crypto exchange in the country.

WonderFi agreed to pay close to $162 million (206 million Canadian dollars) to acquire First Ledger Corp., the parent company of Bitbuy. WonderFi aims to become an end-to-end consumer platform for crypto and DeFi, according to the official announcement.

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