Kevin O'Leary Backs WonderFi's $38.5M Acquisition of Canadian Crypto Exchange Coinberry

TORONTO – WonderFi Technologies Inc., a Vancouver-based decentralized finance (DeFi) platform backed by Kevin O'Leary, has announced its intent to acquire Toronto-based cryptocurrency exchange Coinberry for $38.5 million in an all-share transaction. This acquisition marks another significant step in WonderFi's Canadian expansion strategy. The deal, valued at $38.5 million, further consolidates WonderFi's position in the growing Canadian crypto market.

WonderFi Technologies, a decentralized finance (DeFi) platform, plans to continue its expansion in Canada by purchasing the Coinberry crypto exchange for $38 million. The acquisition of Canadian-based regulated cryptocurrency exchange Coinberry is a key move for Kevin O’Leary-backed DeFi platform WonderFi.

The acquisition will see WonderFi add Coinberry to its portfolio, further solidifying its market presence. This move comes on the heels of the company’s $162 million acquisition of First Ledger Corp, the parent company of crypto exchange Bitbuy. WonderFi Technologies Inc. announced Monday plans to acquire Toronto-based cryptocurrency exchange Coinberry, as consolidation continues in the sector.