Crypto marketplace WonderFi applied to list on Nasdaq under two months after the stock began exchanging under the image WNDR on the Toronto Stock Exchange. The organization tries to support its global allure by making its portions accessible to more extensive gatherings of financial backers.
The Vancouver-based organization additionally petitioned for enrollment with the U.S. Protections and Exchange Commission (SEC), it said Monday.
“Seeking after both a Nasdaq listing and enrollment of the offers in the United States empowers the organization to speed up its recently reported worldwide extension system to improve investor esteem while drawing in institutional and retail financial backers universally,” WonderFi said.
The application doesn’t mean it is selling new offers or raising new capital. President Ben Samaroo told CoinDesk. WonderFi will sell its current offers on Nasdaq,
WonderFi, which has a market cap of C$82.3 million (US$65 million), has been dynamic in its acquisitions lately, shutting a $30 million acquisition of crypto exchanging stage Coinberry July, the week after its listing on the Toronto exchange, and the acquisition of crypto exchange Bitbuy in March for around $162 million. Both are situated in Canada, and having Nasdaq-recorded stock might make it more straightforward for the organization to move toward procurement focuses in the U.S.
Shamaroo told CoinDesk around the hour of the Coinberry obtaining about WonderFi’s technique to secure nonregulated exchanges that might experience comparable issues to Voyager Digital. Explorer needed to slice its day-to-day withdrawal breaking point to $10,000 in June and is going through liquidation procedures attributable to its openness to battling fence fun Three Arrows Capital.
Kevin O’Leary, a prominent Canadian finance manager and financial backer known as “Mr. Wonderful” from his appearances on the “Shark Tank” program, is one of WonderFi’s supporters.