Business
Bitbuy Partners with Localcoin, Canada's Largest Bitcoin ATM Provider
Bitbuy's digital asset offering powers nearly 50% of Canada's Bitcoin ATMs Toronto, Ontario--(Ne...
About this update from Wonderfi Technologies Inc
[{"type":"text","content":"Bitbuy Partners with Localcoin, Canada's Largest Bitcoin ATM ProviderBitbuy's digital asset offering powers nearly 50% of Canada's Bitcoin ATMsToronto, Ontario--(Newsfile Corp. - September 18, 2023) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) (\"WonderFi\" or the \"Company\") is pleased to unveil an exciting strategic partnership between its wholly-owned subsidiary, Bitbuy Technologies Inc. (\"Bitbuy\"), and Localcoin, Canada's largest Bitcoin ATM provider. This collaborative venture between two of Canada's largest consumer-facing crypto companies marks a major milestone in enhancing cryptocurrency adoption and accessibility across the country.Localcoin selected Bitbuy because of its scale, commitment to the Canadian market and strong regulatory positioning. Bitbuy is set to surpass 900,000 registered Canadian users by the end of the month, making it one of the largest crypto-trading platforms in the country. The platform caters to both retail and advanced traders, as well as high-net-worth and institutional clients, providing them with comprehensive trading and staking services. Localcoin has been at the forefront of the cryptocurrency ATM sector in Canada, offering a network of easily accessible, user-friendly ATMs across the country where users can buy or sell Bitcoin, Ethereum, Litecoin and more. Established in 2017, Localcoin now boasts 920 ATMs, capturing 33% of cryptocurrency ATM market share in Canada. Canada stands strong in the crypto ATM space with 2,747 ATMs, ranking it second globally. It trails only the US, showcasing Canada's robust adoption and prominence in the cryptocurrency infrastructure compared to other nations. Localcoin has partnered with industry leading convenience stores such as Hasty Market & INS Market. Localcoin offers a convenient and secure way for buying & selling crypto, emphasizing user accessibility and privacy.With the Localcoin partnership finalized, Bitbuy's digital asset services will cover nearly 50% of Canada's Bitcoin ATMs.\"We are thrilled to announce this strategic partnership between Bitbuy and Localcoin, two of Canada's most established consumer brands for digital assets,\" said WonderFi Chief Executive Officer and President, Dean Skurka. \"With access to deep liquidity through the Bitbuy marketplace, and Localcoin's extensive network of user-friend...