Dean Skurka, CEO of Canadian crypto platform WonderFi, stated at the Collision conference in Toronto that the outlook for the Canadian retail crypto trading market is positive. A convergence of various factors, including the local regulatory environment, may continue to drive market growth. The Bank of Canada's interest rate cut and strong interest in Bitcoin and Ethereum exchange-traded funds put cryptocurrencies in a favorable position with a wider audience. In addition, the expected halving of Bitcoin promises a strong retail market.
WonderFi plans to integrate the multiple crypto companies it acquired into one entity through its merger with Coinsquare, and expand into the Asia-Pacific region. Skurka stated that Canadian regulators are "more advanced" compared to their peers in the Asia-Pacific region. Although other industry professionals have a lower enthusiasm for Canadian regulations, Skurka appreciates the regulatory environment in Canada. WonderFi will announce its activities in the Asia-Pacific region in the coming months.
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