According to Bloomberg, Coinsquare Ltd. and WonderFi Technologies (WNDR) are in advanced talks to merge and become Canada’s largest crypto exchange, citing people familiar with the matter. Following the release of the news on Thursday afternoon, shares of Kevin O’Leary-backed WonderFi were halted on the Toronto Stock Exchange. WonderFi’s stock closed at 31 cents, up 29%. According to Coinsmart, the potential deal comes just days after Coinsquare terminated a previous agreement to acquire Coinsmart Financial, another Canadian crypto exchange. The terms of the potential Coinsquare-WonderFi merger were unknown, though one Bloomberg source suggested that Coinsquare shareholders could take a majority stake in the combined company.
