Three Canadian crypto companies to form regulated trading platform - BNN Bloomberg

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Three Canadian crypto companies are combining to create the country’s largest regulated crypto asset trading platform, and one CEO involved in the merger said it represents a new path to business success in an industry that’s been roiled by…

to create the country’s largest regulated crypto asset trading platform, and executives said the merger will give them a new edge for business success in an industry that’s been roiled by regulatory concerns. from earlier this year about the merger talks.

“Certainly, with a combined company now we believe the scale will address a lot of those concerns, and there will be a clear path to profitability.” Of the combined company, WonderFi shareholders will own 38 per cent, Coinsquare shareholders will own 43 per cent and CoinSmart shareholders will own 19 per cent on a partially diluted basis.

“Regulation is now coming first and it’s a competitive advantage,” Piszel told BNN Bloomberg on Monday.

 

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