WonderFi Technologies Inc., a company known for offering
centralized and decentralized financial services, has signed a non-binding
Letter of Intent (LOI) with Eightcap and Embedded. The partnership focuses on
expanding financial offerings for users of WonderFi’s crypto trading platforms,
Bitbuy and Coinsquare.
Eightcap Bridges DeFi and TradFi Trading
Under the terms of the proposed collaboration, users of
Bitbuy and Coinsquare will gain access to a variety of derivatives, including
those based on foreign exchange, major indices, oil, metals, and individual
stocks. These products will be offered as contracts for difference (CFDs), The Globe and Mail reported.
“This collaboration is another major step forward in
bridging decentralized finance (DeFi) and traditional finance (TradFi). It will
allow crypto traders to seamlessly trade both crypto and TradFi assets in a
secure and regulated setting,” Patrick Murphy, Chief Commercial Officer of
Eightcap, commented.
Eightcap, a fintech company founded in 2015, will provide
the necessary trading technology and liquidity. The company, which is globally
regulated, offers Trading-as-a-Service (TaaS) solutions through Embedded, a
platform designed to help partners like WonderFi deliver derivative products on
their platforms. This collaboration will enable the integration of CFDs for
Bitbuy and Coinsquare in Canada and Australia.
Huge step forward for the @WonderFi team this morning!The move to offer multi-asset trading will empower our users with greater access to global financial markets, all within @bitbuy and @Coinsquare, trusted ecosystems they already know and love! https://t.co/5WuhqAinXK
— Dean (@wonderfi_dean) March 5, 2025
Eightcap Delivers CFDs, Liquidity to Bitbuy
The integration of Eightcap’s technology aims to provide a
fast and efficient market entry, enhancing the trading experience for users. As
part of the partnership, Eightcap will also manage liquidity and settlement
processes to ensure seamless market interaction for Bitbuy and Coinsquare
users.
The rollout of these new offerings is expected in the second
half of 2025, pending the finalization of agreements and regulatory approvals
in both countries. The deal was independently sourced by WonderFi, with no
finder’s fees or third-party payments involved.
This article was written by Tareq Sikder at www.financemagnates.com.
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