Share this article
Canadian Crypto Marketplace WonderFi Files for Nasdaq Listing
The move is part of the Canadian company's plan to expand globally by making its shares available to wider group of investors.
Updated May 11, 2023, 6:52 p.m. Published Aug 25, 2022, 10:00 a.m.
Crypto marketplace WonderFi applied to list on Nasdaq less than two months after the stock started trading under the symbol WNDR on the Toronto Stock Exchange. The company seeks to boost its international appeal by making its shares available to wider group of investors.
The Vancouver-based company also filed for registration with the U.S. Securities and Exchange Commission (SEC), it said Monday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
"Pursuing both a Nasdaq listing and registration of the shares in the United States enables the company to accelerate its previously announced international expansion strategy to enhance shareholder value, while attracting institutional and retail investors globally," WonderFi said.
The application does not mean it is selling new shares or raising new capital. CEO Ben Samaroo told CoinDesk. WonderFi will be selling its existing shares on Nasdaq,
WonderFi, which has market cap of C$82.3 million (US$65 million), has been active in its acquisitions in recent months, closing a $30 million purchase of crypto trading platform Coinberry in July, the week after its listing on the Toronto exchange, and the purchase of crypto exchange Bitbuy in March for around $162 million. Both are based in Canada, and having Nasdaq-listed stock may make it easier for the company to approach acquisition targets in the U.S.
Shamaroo told CoinDesk around the time of the Coinberry acquisition about WonderFi's strategy to acquire nonregulated exchanges that may suffer similar issues to Voyager Digital. Voyager had to cut its daily withdrawal limit to $10,000 in June and is going through bankruptcy proceedings owing to its exposure to struggling hedge fun Three Arrows Capital.
Kevin O'Leary, a noted Canadian businessman and investor known as "Mr. Wonderful" from his appearances on the "Shark Tank" program, is one of WonderFi's backers.
Read more: Voyager Digital Faces Delisting From Toronto Stock Exchange Following Bankruptcy Filing
UPDATE (12:40 UTC Aug. 25 2022): Adds comment from WonderFi CEO
More For You
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
More For You
Coinbase agrees to buy The Clearing Company to deepen prediction markets push
The deal brings a team with specialized experience building event-based trading systems, including veterans from Polymarket and Kalshi.
What to know:
- Coinbase is acquiring The Clearing Company, a startup with experience in prediction markets, to help grow its newly introduced platform.
- The deal brings in a team with specialized experience building event-based trading systems, including veterans from Polymarket and Kalshi.
- The acquisition is part of Coinbase's plan to become an "Everything Exchange", offering a wide range of trading options, including novel cryptocurrencies, perpetual futures contracts, stocks, and prediction markets.
Top Stories
