DeFi platform WonderFi Technologies reportedly continued to build on its presence in Canada, by completing the acquisition of the Coinberry crypto exchange for $38 million.

Specifically, the freshly finalized purchase will reportedly make Coinberry the second regulated crypto exchange under WonderFi. 

The company has reportedly just managed to complete the purchase of Bitbuy’s parent firm First Ledger Corp. via a $162 million deal, with Kevin O’Leary disclosing that “several more and even bigger” purchases are down the pipeline, waiting to be completed. 

O’Leary additionally emphasized that the firm is putting effort into the competition on a global scale while making sure that it’s on “a regulated basis.” He claimed that the team is “not taking any risks” and are functioning accordingly to regulated conditions. 

Per O’Leary, the customers using both platforms that have just been freshly bought will reportedly witness no sudden adjustments. Nonetheless, the Shark Tank star further revealed WonderFi’s intention of releasing more features to each platform. 

With the acquisition of Coinberry, WonderFi will reportedly have in its possession two in six exchange entities receiving full regulation in Canada. 

Bitbuy, WonderFi’s recent buy became fully regulated following its success in obtaining the licenses from the Ontario Securities Commission (OSC) in November Last year. 

On the other hand, Coinberry also registered in the OSC in August 2021.

Besides the two exchanges, only four other platforms completed the registration to legally offer crypto trading, including Wealthsimple, CoinSmart, Netcoins, and Fidelity.  

Kevin O’Leary, formerly a Bitcoin skeptic, mentioned last year that his crypto holdings have surpassed his gold portfolio.