Share this article
Crypto Trading Platform Provider WonderFi to Offer Equities Next Year Through Bitbuy Unit
WonderFi purchased Bitbuy in January for $161.8 million in cash and shares.
Updated May 9, 2023, 3:58 a.m. Published Sep 29, 2022, 1:00 p.m.
WonderFi Technologies (WNDR.TO) plans to offer stock trading for customers through one of its crypto trading platforms, Bitbuy.
Bitbuy will offer fractional trading and investments in thousands of U.S. stocks, exchange-listed securities and ETFs. The product is expected to be live in the first quarter of 2023, the company said Thursday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The offering seeks to be the first fractional trading platform in Canada that offers real-time settlement.
"Providing seamless access to stock trading makes Bitbuy the first in Canada to offer a full suite of crypto trading as well as fractional trading of equities with real-time settlement,” WonderFi CEO Ben Samaroo said. “This is in furtherance of our goal of making users' lives easier and bringing key asset classes within our easy to use, regulated platforms.”
Bitbuy adding stock trading would allow it to compete with Canadian rival Wealthsimple, which offers crypto and equities for clients. Global giants such as Sam Bankman-Fried’s FTX are also beginning to offer equities for clients.
Canada-based WonderFi, a provider of crypto trading platforms, purchased Bitbuy in January for C$206 million ($161.8 million) in cash and shares.
Read more:FTX US Debuts Stock Trading in Push for Bigger Slice of US Retail Pie
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
