BTC has entered a critical phase. It’s currently down from its $109,287 peak in late 2024, but this isn’t the end of the cycle—this is how BTC moves before its next major breakout.
Every past halving cycle has followed the same pattern: a major rally, a sharp correction, consolidation, and then a massive surge about 6-12 months after the halving event.
The April 2024 halving is behind us, and history suggests that the real bull run is just getting started.1
Institutional investors are piling in. BTC ETFs have injected billions into the market, with major players like BlackRock and Fidelity increasing their exposure.
At the same time, adoption is surging in Australia and Southeast Asia, regions where digital currency demand is accelerating. Australia’s government is rolling out new regulations to integrate BTC into its financial system, giving institutions more confidence to invest.2
Meanwhile, Vietnam, Thailand, and the Philippines rank among the highest in global digital currency adoption, driven by strong retail demand, mobile payments, and local fintech innovation.3
This is the same post-halving setup that led to BTC’s explosive moves in past cycles.
After the 2016 halving, BTC traded sideways for months before skyrocketing from $700 to $20,000. The 2020 halving saw a similar buildup, with BTC slowly climbing from $10,000 to $69,000 over the next 12 months.
Now, in 2025, the same factors are in play. BTC already touched six figures once—another push past $100K could send it to $148K and beyond, says Pantera Capital.4
With post-halving supply tightening, institutional buying accelerating, and key markets in Australia and Southeast Asia expanding, all signs point to BTC’s next leg up.
The market has seen this setup before, and every time, BTC has smashed through expectations. The next big move isn’t a question of if—it’s a question of when.
We’re not just witnessing change; we’re standing on the front lines of a financial revolution of historic proportions.
And one forward-thinking company is standing at the forefront of this financial revolution—WonderFi Technologies Inc. (TSX:WNDR) (OTCQB:WONDF).
As the parent of Canada’s largest regulated digital currency trading platform, WonderFi is positioned to thrive in this evolving market, offering cutting-edge services in trading, payments, and decentralized finance.
WonderFi Technologies Inc. (TSX:WNDR) (OTCQB:WONDF) has been surging, delivering record-breaking financial performance, achieving substantial revenue growth, increasing user engagement, and expanding its digital asset ecosystem in 2024.
The numbers speak for themselves:
- Q4 2024 revenue guidance set at $20.5M to $21M, which would mark a 156% jump from Q3 and set a new company record.
- FY 2024 revenues of $61M to $61.5M, marking a significant year-over-year increase.5,6,7
- Client assets under custody doubled year-over-year, reaching $2.1B by December 31, 2024.
- Trading volumes surpassed $1.1B in Q4, reflecting increased user activity and institutional adoption.
- The company expects positive EBITDA between $4.2 and $4.5 million, proving its scalable business model is delivering real financial returns.
- January 2025 is already setting the stage for more growth, with estimated revenue between $7.75 and $8.25 million, a 14% increase from the Q4 monthly average.
And 2025 is gearing up to be WonderFi Technologies’ (TSX:WNDR) (OTCQB:WONDF) most exciting year yet.
Why?
Because WonderFi just unlocked a brand new opportunity—multi-asset trading.
Through a strategic deal with Eightcap, WonderFi is expanding beyond digital currency, bringing equities, indices, commodities, and forex (FX) to 1.7 million registered users on Bitbuy and Coinsquare.
For the first time ever, users will have seamless access to traditional financial markets alongside digital assets, making WonderFi a one-stop destination for traders of all kinds.
- Bigger Market, Bigger Revenue Streams
- Not Limited to Just Digital Currency Any Longer
This isn’t just an expansion—it’s a transformation that sets WonderFi (TSX:WNDR) (OTCQB:WONDF) apart from every other digital asset exchange by redefining the modern trading platform.
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7 Highlights
That Could Make WonderFi Technologies (TSX:WNDR) (OTCQB:WONDF) a Breakout Story in 2025
1
Launch of WonderFi Labs and its Wallet 2.0: WonderFi Labs launched WonderFi Wallet, a self-custodial, multi-chain digital wallet, alongside its Layer-2 blockchain on zkSync, expanding its presence in on-chain finance and DeFi applications.
2
Growing Digital Asset Treasury: WonderFi’s BTC, Ethereum, and Solana reserves have grown to C$15.1 million, strengthening its long-term investment strategy in digital assets.8
3
Coinsquare Alpha Launch: WonderFi’s Coinsquare Alpha, launched in June 2024, enhances trading functionality, OTC services, API connectivity, and custody solutions, catering to institutional and high-net-worth investors.9
4
Strategic Expansion into APAC: WonderFi Technologies Inc. (TSX:WNDR) (OTCQB:WONDF) aims to launch OTC trading services in Australia this year,19 which boasts the highest rate of digital currency adoption among developed nations at 23%.20 This expansion includes launching a trading desk and institutional offerings, with Kogan.com as its first major client in Australia.21
5
Consolidation of Digital Currency Trading Platforms: The consolidation of Bitbuy and Coinsquare client accounts has solidified WonderFi’s position as the leading regulated digital asset platform in Canada.13
6
Record Financial Growth in 2024: Estimated full-year revenue of $61M-$61.5M, with Q4 alone generating $20.5M-$21M, marking a 156% increase from Q3 and continued strong performance.
7
Expanding Beyond Digital Currencies with Multi-Asset Trading: Through its strategic deal with Eightcap, WonderFi plans to introduce multi-asset trading in Q2, allowing its 1.7 million users to trade equities, commodities, and forex alongside digital currencies, diversifying revenue streams and reducing reliance on digital asset price fluctuations.
Is Bitbuy About to Challenge Betterment and Wealthsimple? Here’s Why Investors Should Be Watching Closely
Bitbuy, one of Canada’s most trusted names in digital currency, might be on the verge of a transformation that could shake up the entire fintech landscape. With WonderFi Technologies (TSX:WNDR) (OTCQB:WONDF) behind it, Bitbuy’s expansion into multi-asset trading could position it as a direct competitor to Robinhood, America’s leading robo-advisor, or Wealthsimple, Canada’s dominant retail investing platform.
These platforms made their mark by offering stocks, ETFs, digital currency, and automated investing in one sleek platform.
Now imagine Bitbuy doing the same—only with deeper digital currency roots, a growing user base, and the backing of a diversified digital asset ecosystem.
This isn’t just about adding stocks to a digital currency app. It’s about building Canada’s next-gen digital brokerage, where users can buy BTC, trade ETFs, manage their portfolios, and access DeFi tools—all under one roof.
The pieces are already in place:
- A regulated digital currency trading platform with national reach
- Over 1.7 million registered users across the WonderFi Technologies (TSX:WNDR) (OTCQB:WONDF) ecosystem
- A leadership team with a clear roadmap to integrate traditional finance and digital currency
- A rapidly evolving regulatory environment in Canada, where first movers in multi-asset fintech will have the advantage
If Bitbuy successfully rolls out stock and ETF trading, Wealthsimple and Betterment won’t be the only players in town.
The fintech war for millennial and Gen Z investors in Canada could be just beginning—and Bitbuy is well-positioned to win market share.
Investors looking for the next major move in Canadian fintech should keep a close eye on what WonderFi does next.
WonderFi Labs: Pioneering the Next Era of Digital Finance
WonderFi Technologies Inc. (TSX:WNDR) (OTCQB:WONDF) recently launched two groundbreaking products: the Wonder Wallet, a self-custodial digital wallet, and a Layer-2 (L2) blockchain powered by zkSync’s Elastic Network.14
As a self-custodial wallet, it ensures that users have full control over their assets, enhancing both security and autonomy.15
Key Features:
- Enhanced Security16
- Scalability and Cost Efficiency
- Comprehensive DeFi Services
Layer-2 Blockchain: Building the Future of DeFi
WonderFi’s L2 blockchain, currently in testnet, is designed to be an innovation hub for developers aiming to create next-generation decentralized applications (dApps). By utilizing zkSync’s technology, the L2 blockchain offers:
- Interoperability: Native compatibility with other networks within the zkSync ecosystem enhances liquidity and broadens the DeFi landscape. 17
- Developer-Friendly Environment: The platform encourages the development of scalable and secure dApps, fostering innovation in the DeFi space.
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Emerging Giants in the APAC Digital Currency Rush
The Asia-Pacific (APAC) region is leading the global charge in digital currency adoption, fueled by a surge in pro-digital currency regulations and a booming fintech market projected to hit $81.5 billion by 2030.18
With digital wallets dominating payments and Australia’s digital currency adoption rate at 23%,19 APAC is quickly becoming the epicenter of blockchain finance.20
This is where WonderFi Technologies Inc. (TSX:WNDR) (OTCQB:WONDF) is making its mark.
Already a powerhouse in Canada, serving 1.7 million registered users,21 WonderFi is now expanding into APAC, bringing its Wonder Wallet and Layer-2 blockchain to a fast-growing market.
With state-of-the-art security, seamless DeFi integration, and regulatory alignment, WonderFi is positioned to capture market share in APAC while expanding its global footprint.22
Under the leadership of VP of Engineering Kartik Bajaj, WonderFi continues to drive innovation, ensuring fast, low-cost, and secure transactions on its expanding digital finance ecosystem.
Press Releases
- WonderFi Provides Update on WonderFi Labs and Investment Portfolio
- WonderFi Reports Record Fourth Quarter and Full Year 2024 Results
- WonderFi Reports Record Fourth Quarter and Full Year 2024 Results
- WonderFi Technologies Inc. and Eightcap Announce Letter of Intent to Offer Multi-Asset Trading for Bitbuy and Coinsquare
- WonderFi Technologies Inc. and Eightcap Announce Letter of Intent to Offer Multi-Asset Trading for Bitbuy and Coinsquare
WonderFi’s Record-Breaking 2024 Sets the Stage for Even Bigger Growth
WonderFi Technologies Inc. (TSX:WNDR) (OTCQB:WONDF) has delivered its strongest financial year yet, proving its dominance in the digital asset sector. With record-setting revenue, surging trading volumes, and strategic investments, the company is positioned for even greater expansion in 2025.
2024 Earnings: A Year of Explosive Growth
- Full-Year Revenue Hits New Heights – WonderFi generated an estimated $61M to $61.5M in total revenue and interest income, significantly outpacing 2023.
- Trading Activity Breaks Records – Bitbuy and Coinsquare processed over $3.4B in total trading volume in 2024, reflecting soaring user engagement and market leadership.
- Q4 2024 Growth Accelerates – The company projected $20.5M to $21M in Q4 revenue, a 156% increase from Q3, highlighting sustained momentum.
- Financial Strength Reinforced – Cash and digital assets grew to $48.5M by year-end, a 30% increase from 2023, while private investments in firms like Tetra Trust Company remained strong at $9M.
- Operational Efficiency Drives Profitability – Corporate and administrative expenses were reduced by 22% over the year, ensuring scalability without compromising financial discipline.
Surging into 2025 with Even Greater Momentum
January 2025 started off strong, with revenue reaching up to $8.25M, a 14% increase from Q4’s monthly average. Trading volumes surged 44% month-over-month to $543M, while client assets under custody grew to $2.4B.
These numbers make one thing clear: WonderFi is scaling rapidly, strengthening its market position, and unlocking new revenue streams—setting the stage for its biggest year yet.
Despite these strong results, WonderFi’s current valuation metrics suggest growth potential compared to industry peers. The table below provides a comparative analysis of WonderFi and Coinbase, illustrating the current difference in valuation:
WonderFi Technologies Inc. (TSX:WNDR) (OTCQB:WONDF) currently trades at approximately 2.5 times its TTM P/S Ratio, which is significantly lower than Coinbase Global’s 15 times.
This notable difference highlights WonderFi’s relatively lower valuation compared to industry giants like Coinbase, presenting potential upside as WonderFi continues to grow, enhance its offerings, and capture more market share in the rapidly evolving digital currency space.
BTC and ETH Treasury Program
In July 2024, WonderFi Technologies Inc. (TSX:WNDR) (OTCQB:WONDF) launched a BTC and ETH Treasury Program, bringing its total holdings to approximately US$3.85 million in BTC and ETH in less than two weeks.24
Since the program’s launch, WonderFi’s BTC holdings have achieved an impressive 30% unrealized gain, with an average cost basis of US$54,061 per BTC. The value of its BTC, ETH, and SOL portfolio has now grown to $9 million, underscoring the company’s ability to capitalize on the rising demand for digital assets.25
By holding significant amounts of BTC and ETH, WonderFi not only diversifies its asset base but also positions itself to benefit from the anticipated growth in the value of these digital currencies.
Strategic Costs and Growth: Investing in the Future
WonderFi Technologies Inc’s (TSX:WNDR) (OTCQB:WONDF) Q2 performance, while facing some strategic costs, is positioned to drive future growth. The company’s investments in technological advancements and market expansions, including the acquisition of FX Institution Pty. Ltd. in Australia, demonstrate a forward-thinking approach. This acquisition, which closed subsequent to Q1 2024, provides a solid foundation for WonderFi’s international expansion strategy.26
Additionally, WonderFi’s purchase of Bitstamp’s Canadian clients and its active share repurchase program reflect the company’s commitment to enhancing shareholder value and expanding its market footprint.27
WonderFi’s Portfolio of Market-Leading Brands
WonderFi Labs is just the icing on the cake for what WonderFi Technologies Inc. (TSX:WNDR) (OTCQB:WONDF) offers. Over the last couple of years, the company has assembled a top-tier market-leading portfolio of digital solutions. WonderFi’s success in Canada bodes well for anticipated growth in the Asia-Pacific (APAC) and Australia (AU) region.
Bitbuy is Canada’s go-to platform for digital currency trading and a household name among Canadian investors. It’s not just about trading; Bitbuy was one of the first digital currency-native restricted dealers to offer regulated staking overseen by the Ontario Securities Commission (OSC)28 and Canadian Securities Administrators (CSA).29
With over 900,000 satisfied registered Canadians and $7 billion in trades, Bitbuy offers something for everyone. Whether you’re a seasoned trader or just starting, Bitbuy provides advanced tools for experts and simple options for beginners. Security is paramount, with 90% of digital currencies stored in cold storage and insured.
Now, Bitbuy is expanding its reach with the launch of its OTC division across the Asia-Pacific (APAC) region, marking a significant milestone in its global strategy. Bitbuy APAC is now live for trading in Australia, supported by a local team based in Melbourne. As part of WonderFi’s AUSTRAC Digital Currency Exchange (DCE) and Payment Remittance registrations, Bitbuy is well-positioned to onboard and work with both institutional and individual customers throughout the APAC region.30
In a strategic move to bolster its presence, WonderFi Technologies Inc. (TSX:WNDR) (OTCQB:WONDF) has also announced a partnership with Kogan, one of Australia’s largest online retailers. This partnership will not only enhance Bitbuy’s market visibility but also provide a robust platform for further expansion in the coming months.
Coinsquare is modernizing finance with its secure and transparent platform. It was the first digital currency-native marketplace accepted as a CIRO (formerly IIROC) member firm.31
With over 50 digital currencies and 1,300+ trading pairs, Coinsquare offers unparalleled diversification options.32 Its suite of tailored services—from Coinsquare Trade to Coinsquare Pro and Wealth—provides flexibility for all types of users.
SmartPay is revolutionizing digital payments for businesses, offering high-volume processing with instant settlements.
Businesses can convert digital currency to fiat instantly, with same-day payouts to bank accounts. Supporting multiple digital and fiat currencies, SmartPay’s global reach and lower transaction fees are particularly appealing in APAC and AU, where cross-border transactions are rising—expected to grow by a third in H2 2024 alone.36
Ongoing Developments and Milestones
Through the end of the year, WonderFi Technologies Inc. (TSX:WNDR) (OTCQB:WONDF) is slated to roll out a series of new features. This continuous pipeline of updates is designed to keep the platform dynamic and responsive to user needs. Each new feature aims to enhance the overall user experience, providing more tools and functionalities to meet the evolving demands of digital currency investors.
WonderFi Technologies Inc. (TSX:WNDR) (OTCQB:WONDF) is also making significant strides in expanding its market reach.. This move is part of WonderFi’s broader strategy to extend its capabilities and service offerings in the APAC region. WonderFi Australia aims to offer a wider range of financial products, catering to both retail and institutional clients in Australia and beyond.
These ongoing developments and milestones highlight WonderFi’s commitment to growth and innovation. By continuously enhancing its products and expanding its market reach, WonderFi Technologies Inc. (TSX:WNDR) (OTCQB:WONDF) is positioning itself as a leader in the digital currency space.
WonderFi Technologies’ Strong Leadership Team
RECAP: 7 Key Reasons
WonderFi Technologies Inc. (TSX:WNDR) (OTCQB:WONDF) Stands Out
1
WonderFi Labs Launch: WonderFi Wallet and Layer-2 blockchain launched on zkSync, advancing on-chain finance adoption and positioning itself at the forefront of DeFi innovation.
2
Growing Digital Currency Treasury: WonderFi’s BTC, ETH, and SOL reserves have grown to C$15.1 million, reinforcing its strategic commitment to the digital asset economy.34
3
Strengthening Institutional Trading: Coinsquare Alpha, launched in June 2024, is delivering enhanced trading functionality to meet the growing demand from institutional and high-net-worth investors.
4
APAC Expansion Gains Traction: OTC trading services expanded into Australia, one of the world’s leaders in digital currency adoption.
5
Platform Consolidation: Consolidated Bitbuy and Coinsquare client accounts, further securing its market-leading position in the regulated digital asset space
6
Record-Breaking Financial Performance: Estimated full-year revenue of $61M-$61.5M in 2024, with Q4 revenue of $20.5M-$21M, reflecting sustained momentum and a 156% increase from Q3.
7
Ongoing Developments: Strategic acquisitions and a mobile app refresh planned for Q4 2024.
As we’ve highlighted, the digital currency landscape is undergoing a revolution.
WonderFi Technologies Inc. (TSX:WNDR) (OTCQB:WONDF) is leading the charge with its innovative WonderFi Labs, strategic APAC expansion, and robust financial performance.
With WonderFi‘s innovative wallet technology and strategic expansion into high-potential markets, the company is set to capture market share in the digital currency market.
Stay ahead of the curve and watch what WonderFi Technologies Inc. (TSX:WNDR) (OTCQB:WONDF) achieves next.
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