WonderFi to wind down CoinSmart, as deal to form Canada’s largest crypto trading platform closes

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The merger of CoinSmart, Coinsquare and WonderFi would put together nearly $600-million in combined assets under custody from a customer base of around 1.6 million Canadians

Holdings Inc., the world’s largest crypto company, which in May cited regulatory restrictions as “untenable” for its business to continue in the country.

WonderFi’s plans for the CoinSmart closing are pending regulatory and shareholder approvals. But CoinSmart CEO Justin Hartzman told The Globe his title is expected to be shuffled by WonderFi in the coming days. Other senior roles will also be shifted by the newly combined company, he added.

 

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