Vancouver-based WonderFi Technologies Inc (Pink: WONDF) said Wednesday it will become the first Canada-regulated digital asset exchange to be listed on the Toronto Stock Exchange under ticker TSX: WNDR on June 22, 2022.
Here’s why it matters.
Equal Opportunities: WonderFi is exposing the masses to a finance model that removes expensive middlemen.
Leveraging something colloquially referred to as DeFi — decentralized finance — WonderFi taps into protocols written on top of cryptocurrency networks, like Ethereum (CRYPTO: ETH), and allows users to lend, borrow and swap among each other.
For their liquidity taking or provision, these users pay or earn yields and trading revenues.
The goal, as co-founder and CEO Ben Samaroo explained to Benzinga in August 2021, is to make finance open for all.
“The current financial system doesn’t provide equal opportunities for people, whether it’s people from lower socioeconomic rungs, women, or visible minorities,” Samaroo said at the time. “It’s all rooted in how the financial system is …
Full story available on Benzinga.com