Fun

WonderFi expands to Australia — Blockchain Futurist Conference

News Feed - 2024-08-14 06:08:00

Vince Quill2 hours agoWonderFi expands to Australia — Blockchain Futurist ConferenceThe crypto firm merged with Coinsmart and Coinsquare in 2023, securing $1 billion in assets under management in the same year.293 Total views6 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTCOINTELEGRAPH IN YOUR SOCIAL FEEDFollow ourSubscribe onDean Skurka, president and CEO of WonderFi, and Tim Lo, the firm’s head of the Australia and Asia Pacific (APAC) markets, joined Cointelegraph at this year"s Blockchain Futurist Conference in Canada to discuss the company’s recently announced expansion into Australia and the future of the crypto industry.


Skurka explained that the company’s expansion into Australia represents its first foray into global expansion. According to the CEO, WonderFi chose Australia because of its similar demographics and regulatory policies to Canada. Similar licensing requirements made expanding to Australia more “seamless,” Skurka said. The CEO touched on the company’s long-term approach toward servicing markets:“We are embracing a regulatory-first mindset with respect to the markets that we enter. We, as a public company, want to invest in markets where we have the confidence we’ll be able to service them for a long period of time.”


WonderFi’s CEO continued by stating that crypto adoption is growing, expressing optimism that more consumers now feel comfortable conducting onchain transactions and predicting the progression of more intuitive user interfaces in crypto applications.


Related: Canada needs to overhaul crypto regulations — Coinbase execIt’s still the early days of crypto


WonderFi APAC markets head Lo expressed his belief that the crypto industry and markets are still in the early days and predicted that large institutional investors will allocate a significant portion of their investment portfolios to digital assets as the industry matures.“Sooner or later, we’re going to see a lot of the pension plans, a lot of the government funds, start putting actual proper asset allocation into crypto. I think that’s when the market is going to be mature, but we’re far away from that.”


Lo argued that while crypto markets are still 33% down from the previous all-time high, markets will eventually reach new highs, driven by the introduction of crypto exchange-traded funds (ETFs) in the United States and the demand for these products from institutional investors. Retail interest in crypto markets poised to grow


Earlier in June, Skurka argued that interest rate cuts by the Bank of Canada and the launch of crypto ETFs in the United States were driving retail investors to the digital asset markets.


However, the CEO said these were merely early signals and that retail investors would not enter the markets overnight but over the next six to 12 months. 


Magazine: Beyond crypto: Zero-knowledge proofs show potential from voting to finance# Blockchain# Canada# Business# Australia# Investments# Adoption# Cryptocurrency Investment# RegulationAdd reaction

News Feed

Etoro to Limit Cardano and Tron Services in US Due to Regulatory Concerns
Etoro to Limit Cardano and Tron Services in US Due to Regulatory Concerns Etoro, an Israel-based trading platform, has taken action on its platform regarding the trading of cardano
David Attlee33 minutes agoFrench police raid Nvidia offices amid antitrust investigation: ReportThe action reportedly came as a part of a general inquiry of French antitrust authorities into the cloud computing sector.14
Helen Partz10 hours agoCrypto amplified financial risks in emerging markets: BIS papersThe central banks of the United States, Canada, Mexico and Brazil have pointed out the risks of crypto but warned against excessively
Biggest Movers: SHIB 20% Higher, as DOGE Hits 5-Month High
Biggest Movers: SHIB 20% Higher, as DOGE Hits 5-Month High Meme coins were trading significantly higher on Saturday, as both shiba inu and dogecoin rose by over 20%. Shiba inu rall
Venezuelan Minimum Monthly Wage Not Pegged to the Petro, According to Official Gazette Decree
Venezuelan Minimum Monthly Wage Not Pegged to the Petro, According to Official Gazette Decree The new decree that makes official the recently announced Venezuelan minimum monthly w
Bitcoin.com to Give Away $25,000 In “December to Remember”
Bitcoin.com to Give Away $25,000 In “December to Remember” In light of the holiday season, and to celebrate a fantastic year for economic freedom enhancing technologies like Bi
Zhiyuan Sun14 hours agoAzuki DAO rebrands to ‘Bean’ as it drops lawsuit against founderThe DAO previously proposed a lawsuit against Azuki creator Zagabond over a dilutive $39 million NFT minting that took place in J
DOJ Tells FBI and Others: ‘Stop Signing Appreciation Notes for Binance’
DOJ Tells FBI and Others: "Stop Signing Appreciation Notes for Binance" The U.S. Department of Justice (DOJ) has requested federal agencies stop signing apprecia
Average Price of Bitcoin More Than Quadrupled Between Reward Halvings
Average Price of Bitcoin More Than Quadrupled Between Reward HalvingsInvesting in bitcoin has been somewhat of a phenomenon, as millions of individuals have invested funds into the
SEC Commissioner Sees Increasing Demand for Cryptocurrency
SEC Commissioner Sees Increasing Demand for CryptocurrencyCrypto-friendly commissioner with the U.S. Securities and Exchange Commission (SEC), Hester Peirce, said there is an increa
SUI Shows Strong Bullish Comeback: Breakout Above $4.98 In Sight
Este artículo también está disponible en español. SUI has shown a remarkable bullish comeback, overcoming earlier setbacks with impressive strength. The cryptocurrency ha
David Attlee11 hours agoWyoming stablecoin: Are state digital currencies even possible?The Stable Token Commission continues researching the potential implementation of stable tokens in Wyoming.647 Total views28 Total sh