Ripple’s Landmark SEC Victory Paves the Way for a New Era in Digital Currency Regulation

On behalf of WonderFi Technologies Inc.

The global financial landscape is shifting rapidly, with digital currencies at the forefront. Ripple’s recent victory against the SEC marks a turning point, signaling a new era of regulatory clarity and market confidence. This isn’t just a win for Ripple—it’s a catalyst for the entire industry, poised to propel digital currencies into mainstream finance.¹ Since the ruling, XRP trading volumes have surged, and global digital currency trading is expected to hit $108 trillion in 2024, a 90% increase from two years ago.² With the launch of US Ether ETFs surpassing $1 billion in first-day trading,³ it’s clear that digital currencies are gaining unstoppable momentum. As traditional currencies face devaluation and the US dollar’s dominance is questioned, digital currencies are becoming essential for global trade and financial stability. The revolution is here, and it’s accelerating fast. WonderFi Technologies Inc. (TSX:WNDR) (OTCQB:WONDF) is not just another digital currency platform; it’s a gateway to growth in a rapidly expanding market.

Strategic Expansion and Market Leadership: WonderFi Technologies Inc. (TSX:WNDR) (OTCQB:WONDF) has rapidly established itself as Canada’s largest regulated digital currency trading platform, with over $1.35 billion in assets under custody.⁴ The company’s platforms, including Bitbuy and Coinsquare, processed a record $1.1 billion in trading volumes in Q1 2024 alone, representing a 58% increase from the previous quarter.⁵ This growth is just the beginning, as WonderFi expands into new regions, starting with Australia in Q3 2024 through the acquisition of FX Institutions Pty. Ltd. (FXI).
Innovation Through WonderFi Labs: Launched in July 2024, WonderFi Labs is dedicated to pioneering decentralized technologies, with a focus on the upcoming WonderFi Wallet, also known as “Wallet 2.0.” This advanced digital wallet is designed to offer users unmatched control, security, and flexibility, integrating cutting-edge DeFi and on-chain capabilities. Built on the WonderFi Layer 2 blockchain, Wallet 2.0 is set to become a key tool in markets like APAC and Australia, where digital wallets are leading the way in payment methods. Led by VP of Engineering Kartik Bajaj, WonderFi Labs is pushing the boundaries of digital finance innovation.
BTC and ETH Treasury Program: In a strategic move to hedge against fiat currency inflation, WonderFi Technologies (TSX:WNDR) (OTCQB:WONDF) has started accumulating BTC and ETH, with total holdings valued at approximately US$3.85 million as of mid-July 2024.⁶ This Treasury Program not only diversifies WonderFi’s asset base but also positions the company to benefit from the anticipated growth in the value of these digital currencies.
Expansion into the Asia-Pacific Region: The Asia-Pacific (APAC) region is emerging as a major player in the digital currency market, and WonderFi Technologies Inc. (TSX:WNDR) (OTCQB:WONDF) is strategically positioning itself to tap into this fast-growing market. With the highest rate of digital currency adoption among developed nations, Australia is the first target in WonderFi’s APAC expansion. The company’s launch of OTC trading services in Australia in Q3 2024 marks a significant milestone in its international growth strategy.⁷
Consolidation of Digital Currency Trading Platforms: WonderFi Technologies Inc. (TSX:WNDR) (OTCQB:WONDF) has solidified its position as Canada’s leading digital currency platform through strategic acquisitions and consolidations. The acquisition of Bitbuy’s client accounts and the integration of Coinsquare’s services have made WonderFi the largest CIRO-regulated digital currency trading platform in Canada. These moves bring operational efficiencies and expanded service offerings, strengthening the company’s market position.
Record-Breaking Q1 2024 Financial Performance: WonderFi Technologies Inc. (TSX:WNDR) (OTCQB:WONDF) achieved a significant milestone in Q1 2024 with record revenues of $18.5 million, marking a 43.4% increase from the previous quarter.⁸ The company also reported a net income of $4.9 million, a remarkable turnaround from the net loss of $7.6 million in Q1 2023. With positive EBITDA of $7.0 million and cash and digital assets growing to $52.5 million, WonderFi is demonstrating strong financial health and effective execution of its strategic initiatives.
Robust Leadership Team: Under the leadership of President and CEO Dean Skurka, WonderFi Technologies Inc. (TSX:WNDR) (OTCQB:WONDF) has executed a series of strategic initiatives that have propelled the company to the forefront of the digital currency market. With a strong team of experienced professionals, including CTO Cong Ly and CCO Torstein Braaten, WonderFi is well-equipped to navigate the complexities of the digital currency landscape and drive continued growth.

Company Structure:

Market Cap: C$97.89 Million
Share Price: C$0.15
Cash and Digital Currency: C$53 Million

Conclusion: WonderFi Technologies Inc. (TSX:WNDR) (OTCQB:WONDF) is at the forefront of the digital currency revolution, with a robust portfolio of market-leading brands, innovative technologies, and a strategic vision for global expansion. As the digital currency market continues to grow, WonderFi is well-positioned for the opportunities ahead. With its strong financial performance, strategic acquisitions, and a dedicated leadership team, WonderFi Technologies is a company to watch in the rapidly evolving world of digital finance.

image1 2 Ripple's Landmark SEC Victory Paves the Way for a New Era in Digital Currency Regulation

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footnotes:
[1] https://www.coindesk.com/policy/2024/08/07/judge-fines-ripple-125m-bans-future-securities-law-violations-in-long-running-sec-case/ [2] https://tinyurl.com/yxthfbrz [3] https://www.bloomberg.com/news/articles/2024-07-23/ether-etfs-see-debut-with-over-500-million-in-trading-volume [4] https://www.newsfilecorp.com/release/200667/WonderFis-Bitbuy-and-Coinsquare-Platforms-Exceed-1.5-Billion-in-Combined-Client-Assets-Under-Custody [5] https://www.wonder.fi/press-release/wonderfi-reports-record-fourth-quarter-and-full-year-2023-results [6] https://tinyurl.com/bdhpv8c2 [7] https://www.wonder.fi/press-release/wonderfi-announces-expansion-into-australia [8] https://www.wonder.fi/press-release/wonderfi-reports-record-first-quarter-2024-results

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1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector.

2) The Article was issued on behalf of and sponsored by, WonderFi Technologies Inс. Market Jar Media Inc. has or expects to receive from WonderFi Technologies Inс.’s Digital Marketing Agency of Record (Native Ads Inc.) one hundred and fifty seven thousand, one hundred and sixty eight US dollars for a duration of up to twelve (12) months or until budget exhaustion as dictated by WonderFi Technologies Inс.

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6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding WonderFi Technologies Inс.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to WonderFi Technologies Inс.’s industry; (b) market opportunity; (c) WonderFi Technologies Inс.’s business plans and strategies; (d) services that WonderFi Technologies Inс. intends to offer; (e) WonderFi Technologies Inс.’s milestone projections and targets; (f) WonderFi Technologies Inс.’s expectations regarding receipt of approval for regulatory applications; (g) WonderFi Technologies Inс.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) WonderFi Technologies Inс.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute WonderFi Technologies Inс.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) WonderFi Technologies Inс.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) the accuracy of budgeted costs and expenditures; (e) WonderFi Technologies Inс.’s ability to attract and retain skilled personnel; (f) political and regulatory stability; (g) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (h) changes in applicable legislation; (i) stability in financial and capital markets; and (j) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of WonderFi Technologies Inс. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) WonderFi Technologies Inс.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact WonderFi Technologies Inс.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing WonderFi Technologies Inс.’s business operations (e) WonderFi Technologies Inс. may be unable to implement its growth strategy; and (f) increased competition.

Except as required by law, WonderFi Technologies Inс. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does WonderFi Technologies Inс. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither WonderFi Technologies Inс. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.

7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of WonderFi Technologies Inс. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of WonderFi Technologies Inс. or such entities and are not necessarily indicative of future performance of WonderFi Technologies Inс. or such entities.

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