Canadian crypto exchanges reach $1B in assets under management

WonderFi is currently one of the largest digital asset operators in Canada.

Bitbuy and Coinsquare, two of the largest crypto exchanges domiciled in Canada, have surpassed $1 billion CAD in assets ($736 million) under management.

According to the Dec. 6 announcement by parent company WonderFi, the two entities currently hold $1 billion CAD in clients’ cash and digital asset deposits, up from $695 million ($512 million) the third quarter. 

“During the month of November, the platforms experienced a combined 16% increase in monthly active users as compared to the monthly active user count in October. The platforms also recorded a 54% increase in total trading volume,” the company wrote.

Read more

bitcoin
Bitcoin (BTC) $ 98,182.31
ethereum
Ethereum (ETH) $ 3,486.94
tether
Tether (USDT) $ 0.99943
bnb
BNB (BNB) $ 703.07
xrp
XRP (XRP) $ 2.30
solana
Solana (SOL) $ 198.90
dogecoin
Dogecoin (DOGE) $ 0.333856
matic-network
Polygon (MATIC) $ 0.519595
chainlink
Chainlink (LINK) $ 24.87
shiba-inu
Shiba Inu (SHIB) $ 0.000023
nexo
NEXO (NEXO) $ 1.40
enjincoin
Enjin Coin (ENJ) $ 0.24418
cardano
Cardano (ADA) $ 0.925348