WonderFi Technologies (WNDR-T) proposed merger of Rogers and Shaw that has the attention of the Competition Bureau. Canada's antitrust watchdog is looking at the cryptocurrency world, too -- a sign of its increasing relevancy and of the more active posture of the bureau under new leadership.
In March, Wonderfi Technologies, a Vancouver-based crypto outfit backed by Shark Tank regular Kevin O'Leary, closed on its $206-million acquisition of the exchange Bitbuy.
Just a month later, Wonderfi announced that it had entered into an agreement to buy Coinberry, another trading platform, in a $38.5-million deal.
So, the Competition Bureau came knocking. Apparently, with all the companies it has been buying, Wonderfi crossed some sort of threshold. Wonderfi's Binu Koshy acknowledged the company and the watchdog might have "competing interests." Wonderfi, however, suggested that the Competition Bureau should focus its energy elsewhere.
It pointed a finger at competitors -- yet another merger in the world of Canadian crypto exchanges, with the Bahamas-based FTX announcing in June it would buy Calgary's Bitvo for an undisclosed sum. |
