July 2023: Origin Merchant Partners Advises Coinsquare on its combination with Wonderfi and Coinsmart

July 2023: Origin Merchant Partners Advises Coinsquare on its combination with Wonderfi and Coinsmart

By Charlie Osler

All Transactions, Mergers & Acquisitions

July 10, 2023

Origin Merchant Partners (“Origin”) is pleased to announce that Coinsquare Ltd. (“Coinsquare”) has completed its previously announced combination with Wonderfi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) (“Wonderfi”) and CoinSmart Financial Inc. (NEO: SMRT) (FSE: IR). (“CoinSmart”). Origin was the exclusive financial advisor to Coinsquare on this transaction, which will create one of the largest regulated crypto asset trading platforms in Canada.

Coinsquare provides customers with a proprietary platform engineered to deliver a robust, secure, and intelligent interface for trading Bitcoin, Ethereum, Litecoin, and other digital assets. Since the privately owned company was founded in 2014, Coinsquare has grown to become Canada’s oldest operating digital asset firm, trading on behalf of over half a million Canadians. Coinsquare has successfully executed trades in excess of $8 billion to date.

Wonderfi creates access to digital assets through its two Canadian owned and operated, fully registered crypto-trading platforms Bitbuy and Coinberry. Bitbuy is Canada’s first registered digital asset marketplace, boasting over 400,000 registered users, and serving both beginner and advanced traders, institutions, and corporate clients. Coinberry, with a user base of over 200,000, is designed for crypto novices and retail traders.

CoinSmart is a leading Canadian-headquartered crypto asset trading platform for digital assets, including Bitcoin and Ethereum. CoinSmart is one of the few crypto asset trading platforms in Canada to be registered as a securities dealer and marketplace with the Ontario Securities Commission. CoinSmart is also one of the first Canadian headquartered trading platforms to have an international presence, accepting customers across 40+ countries. The company’s offerings include instant verification, industry leading cold wallet storage, advanced charting with order book functionality and over-the-counter premium services.

Origin Senior Leads: Jim Osler, Tedi Gjoleka.