WonderFi Technologies Inc (OTCMKTS:WONDF) Stock In Focus After Latest News

Yesterday, WonderFi Technologies Inc (OTCMKTS: WONDF) through its subsidiary Bitbuy Technologies Inc, announced OTC Desk-supported staking. It is the first such service in Canada enabling Bitbuy’s Corporate, Individual, and Institutional clients to stake crypto assets with help from Bitbuy’s Private Wealth Account Manager.

Trading Data

On Wednesday, WONDF stock slid 4.32% to $0.1241 with more than 64.05K shares, compared to volume of 201.65K shares. The stock moved within a range of $0.1241 – 0.1373 after opening trade at $0.1361.

Bitbuy Private Wealth Launches Crypto Staking Service for Individual, Corporate, and Institutional Clients

Staking involves locking temporarily some part of cryptocurrency, which is a type of collateral. Participants can earn rewards through additional crypto tokens. It has become very popular for earning passively in the cryptocurrency space. Bitbuy is a crypto-trading platform in Canada, which has been authorized to stake crypto.

The firm’s Private Wealth’s “white-glove” approach ensures that clients get personal support and expertise when trading crypto through the OTC desk. Open to investors with an investment of atleast$25,000, clients can stake the following coins- Polkadot, Ethereum, Solana,and Polygon.

Bitbuy Vice President of Sales, Jeff Fitzgerald said that Staking is a brilliant product for Private Wealth clients wanting extra returns on their assets. Jeff added that the company’s clients are happy with this service.

Bitbuy also launched a national marketing campaign featuring Scottie Barnes, Bitbuy Brand Ambassador. Comprising of a 30-second TV commercial, it is being broadcasted on TSN,BNN Bloomberg, and Sportsnet, besides being on social media.

Jon Williams

Jon graduated from the University of Michigan with a degree in finance. He is an avid investor and enjoys reporting on the markets. When he is not in front of a computer he enjoys playing golf and watching basketball.