WonderFi exchange in talks to merge with Coinsquare

Two major Canadian crypto exchanges, WonderFi and Coinsquare, are in talks about a merger that could make them the largest cryptocurrency trading platform in the country. Canadian cryptocurrency exchange WonderFi said that the negotiations are still preliminary and there are no guarantees that an agreement will be reached.. The company is considering both an acquisition and a sale. If the merger goes through, the company will serve about $1.15 million users in Canada, making it the largest crypto exchange in the country.. Amid rumors of a merger, WonderFi's stock rose more than 30%. According to Kevin O'Leary, billionaire backer of WonderFi, the company will have some bigger acquisitions in the future that it doesn't want to talk about yet.. It is worth noting that in the fall, Coinsquare terminated an agreement to acquire outstanding shares of a subsidiary of another Canadian crypto exchange CoinSmart. Recall that in November, Coinsquare sent out a letter to its users, in which it said that a third party had gained access to the crypto exchange database.. Almost all information was disclosed, except for passwords.