DeFi platform WonderFi Technologies has acquired Canada-based crypto exchange Coinberry.
WonderFi CEO Ben Samaroo has said on the acquisition:
“This acquisition further solidifies WonderFi as a leading cryptocurrency company in Canada and creates an excellent foundation for our expansion into global markets.”
The deal was valued at $30 million.
The company announced the takeover a week after it announced its listing on the Toronto Stock Exchange.
The DeFi platform has previously reduced its staff by 20%.