TOP DEFI STOCK: WonderFi Technologies Inc. (NEO: WNDR) (OTC: WONDF) (WKN: A3C166) (FTX: WNDR)

TOP DEFI STOCK: WonderFi Technologies Inc. (NEO: WNDR) (OTC: WONDF) (WKN: A3C166) (FTX: WNDR) - RICH TV LIVE - FAEBRUARY 7, 2022 - #wonderfi #defi #richtvlive #trading #stocks #bitcoin #btc #blockchain #technology #investing #wndr #wondf #crypto #defi

WonderFi Technologies Inc. (NEO: WNDR) (OTC Pink: WONDF) (WKN: A3C166) (FTX: WNDR) (the "Company" or "WonderFi") today announced that, following significant volatility and decline in the crypto markets in December and January, Bitbuy Technologies Inc. ("Bitbuy") has achieved an increase in monthly new deposits and in marketplace coin volumes, supporting WonderFi's acquisition thesis that the exchange model offers diversified revenue streams independent of broader crypto market performance.

"While the broader crypto markets declined in January, Bitbuy continued to experience robust inflows of new capital through the Bitbuy platform, after proudly recording a 58% increase in new user registrations in Q4 2021 versus Q3," commented Michael Arbus, CEO of Bitbuy.

Bitbuy saw a 29% increase in Ethereum volume traded in January versus December during the recent volatility in the crypto market. In addition, Bitbuy successfully listed 7 new coins in December 2021, adding $34 million in new value from the new listings, with the platform planning to add multiple new coins in the first quarter of 2022 to further underpin marketplace volume growth and user satisfaction. Bitbuy previously recorded a 24% increase in platform value traded in Q4 2021 versus Q3.

"Since announcing the Bitbuy acquisition and our $45M bought deal with Canaccord, we continue to engage with the Bitbuy team to identify multiple synergy opportunities that we expect to optimize the future value and performance of both businesses," commented Ben Samaroo, CEO of WonderFi. "Bitbuy's performance over the last few months solidifies the thesis that platforms like Bitbuy thrive with market volatility."

Bitbuy was founded in 2016 and has grown to become one of North America's leading crypto marketplaces. Today, Bitbuy is a trusted execution platform that services over 389,000 registered users, with more than $4.6 billion transacted through the platform.

The acquisition of Bitbuy by WonderFi was announced on January 4, 2022, and is expected to close in the first quarter of 2022, subject to approval by WonderFi and Bitbuy shareholders, as well as certain related matters and other acquisition-related closing conditions and regulatory approvals.

Bought Deal Financing

In relation to the previously announced bought deal public offering (the "Offering"), the Offering requires shareholder approval pursuant to the policies of the NEO Exchange and the Company intends to obtain a written resolution signed by the holders of at least 50% of the issued and outstanding shares entitled to vote thereon pursuant to the exemption in Section 10.09(2) of the NEO Exchange Listing Manual.

JOIN RICH TV LIVE TRADING CLUB HERE - http://www.richpicksdaily.com

Subscribe - https://www.youtube.com/c/RICHTVLIVE
Visit - www.richpicksdaily.com a community for stocks, cryptocurrency, news, and trending topics. #richtvlive #richpicksdaily #stocks #business #news #finance #education #entertainment #money #defi #nft #metaverse #trading #stockmarket

Disclaimer

RICH TV LIVE INC. company profiles and other investor relations materials, publications or presentations, including web content, are based on data obtained from sources we believe to be reliable but are not guaranteed as to accuracy and are not purported to be complete. As such, the information should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed in RICH TV LIVE reports company profiles or other investor relations materials and presentations are subject to change. RICH TV LIVE and its affiliates may buy and sell shares of securities or options of the issuers mentioned on this website at any time. RICH TV LIVE INC. sponsored $2500 for digital video services. RICH TV LIVE INC. agreed to invest $70,000.80 CAD on January 13th 2021 into the President List Prospectus for a total of 29,167 common shares plus warrants. The shares purchased at a price of $2.40 per common share.

Investing is inherently risky. RICH TV LIVE is not responsible for any gains or losses that result from the opinions expressed on this website, in its research reports, company profiles or in other investor relations materials or presentations that it publishes electronically or in print.

We strongly encourage all investors to conduct their own research before making any investment decision. For more information on stock market investing, visit the Securities and Exchange Commission ("SEC") at www.sec.gov/Canadian CSA https://www.securities-administrators.ca/.