Mogo announced that Coinsquare, in which Mogo had a 34% ownership stake, WonderFi Technologies and CoinSmart, have closed their previously announced business combination transaction. This transaction positions the resulting entity, WonderFi, and its registered operating subsidiaries, as one of the largest regulated crypto investing ecosystems in Canada offering Canadians a wide range of diversified products and services, including both retail and institutional crypto trading, staking products, B2B crypto payment processing and digital asset custody, and will also soon include sports betting and gaming. The combined company has transacted over $17B since 2017 and has more than $600M in assets under custody, with a registered user base in excess of 1.6M Canadians. Mogo is the largest shareholder of the combined company owning approximately 14%.
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