Skip to content

New player in town? Crypto firm WonderFi to pursue Nasdaq listing

New player in town? Crypto firm WonderFi to pursue Nasdaq listing

The Canadian cryptocurrency service provider WonderFi Technologies Inc. (TSX: WNDR) has announced its registration with the Securities and Exchange Commission (SEC) in the United States, to have its common shares listed on NASDAQ.

Notably, this move marks the beginning of an international expansion by the Toronto-based multi-services crypto firm. According to a press release shared by Yahoo Finance on October 6:

“[This ] registration with the SEC is an important first step for WonderFi as we look to expand the company’s presence to the United States.”

— Dean Skurka, President and Chief Executive Officer of WonderFi

Interestingly, WonderFi owns four cryptocurrency service provider companies and is a major shareholder of Tetra, a leading Canadian digital asset custodian. This results in a collective user base of over 1.6 million registered Canadians and combined assets under custody exceeding $730 million.

Of the four wholly-owned companies by WonderFi, three are among Canada‘s most relevant registered crypto trading platforms: Bitbuy, Coinsquare, and Coinsmart. Besides the three centralized exchanges, WonderFi also owns SmartPay, a global crypto payment processing platform.

WNDR price analysis

Meanwhile, WNDR stocks are already been traded on the Toronto Stock Exchange at $0.13 CAD per share by press time. Despite registering losses of 7% year-to-date, WNDR is up 4% in the last 24 hours, following the new expansion strategy and SEC registration.

WNDR YTD price chart on TSX.
WNDR YTD price chart on TSX. Source: Yahoo Finance

Therefore, the stock market is already optimistic about WonderFi’s new plans, showing that investors believe this move will bring additional value to the company’s shareholders.

However, a listing registration does not guarantee that it will be approved. It is widely known that the United States SEC has been directly acting against cryptocurrency exchanges and service providers in the U.S. Which means relevant challenges for this current strategy.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.