Crypto platform WonderFi has swallowed up several of its competitors in Canada and expects to reap the benefits.
Prospects for retail crypto trading in Canada are looking good, and a convergence of factors, including the local regulatory environment, is likely to continue driving market growth.
“We have certainly seen retail come back,” Dean Skurka, CEO of Canadian crypto asset platform WonderFi, told Cointelegraph’s Sam Bourgi at the Collision event in Toronto.
Skurka said the convergence of the interest rate cut by the Bank of Canada, leading to greater discretionary spending by the public, along with strong interest in Bitcoin (BTC) and Ether (ETH) exchange-traded funds that put crypto “in favorable standing [with] a broader audience” and the expected impact of the BTC halving promise a strong retail market.
