WonderFi interim CEO on possible changes now that crypto merger is finalized - BNN Bloomberg

The three-way deal was first announced in April and officially finalized on Monday at the Toronto Stock Exchange. The merger effectively combines $600 million in assets across 1.65 million users under the same company, which WonderFi calls “Canada’s largest regulated crypto asset trading platform.”

Dean Skurka, president and interim CEO of WonderFi, hinted in an interview with BNN Bloomberg that merging the three companies could result in some staffing reductions. “We anticipate synergies that will naturally take effect across the various platforms,” he said. “Certainly there is overlap within the crypto trading segment and we’re going to take a close look at that. In this market environment that we’re currently in, profitability is focus number one for us and that will drive a lot of our decision making in the early days.”

The synergies won’t just be among the staff either, Skurka added, suggesting that a lot of the best features from each trading platforms could eventually be part of all of them. “Some of the core components of these platforms starting to be shared across the various platforms that we currently own and operate,” he said. “What we can expect to see is the level of service and the level of products offered to our clients on the various platforms to continue to increase.”Skurka believes that his company has the scale to weather the regulatory challenges as competitors leave the market.

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Opinion: Canadian health care should put patients first by ending faith-based refusalsAcross the country, people are denied MAID and other medical interventions opposed by the Catholic Church, including the morning-after pill, abortion, gender-affirming surgery and more.
Source: timescolonist - 🏆 15. / 75 Read more »

10-year-old Canadian skateboarding phenom to compete at X-GamesSkating in the women\u0027s vert is important for Nelson. It hasn\u0027t been held at the X\u002DGames since 2010, three years before she was born.
Source: ottawasuncom - 🏆 4. / 92 Read more »

Opinion: Canadian health care should put patients first by ending faith-based refusalsAcross the country, people are denied MAID and other medical interventions opposed by the Catholic Church, including the morning-after pill, abortion, gender-affirming surgery and more.
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »

New Zealand trips Canadian women’s rugby squad 52-21 in Pacific Four Series matchThe Canadian women’s rugby 15s team gave the reigning World Cup champions a scare, but the New Zealand Black Ferns prevailed at the Saturday match in Ottawa
Source: globeandmail - 🏆 5. / 92 Read more »

Opinion: Canadian health care should put patients first by ending faith-based refusalsAcross the country, people are denied MAID and other medical interventions opposed by the Catholic Church, including the morning-after pill, abortion, gender-affirming surgery and more.
Source: PGCitizen - 🏆 65. / 51 Read more »

Popular chain restaurant racks up 11 infractions from Toronto health inspectorsToronto health inspectors dished out 11 infractions to a major Canadian restaurant chain.
Source: ottawasuncom - 🏆 4. / 92 Read more »