Canadian crypto exchanges reach $1B in assets under management

WonderFi is currently one of the largest digital asset operators in Canada.

Bitbuy and Coinsquare, two of the largest crypto exchanges domiciled in Canada, have surpassed 1 billion Canadian dollars ($736 million) in assets under management.

According to a Dec. 6 announcement by parent company WonderFi, the two entities currently hold over 1 billion CAD in clients’ cash and digital asset deposits, up from 695 million CAD ($512 million) in the third quarter.

“During the month of November, the platforms experienced a combined 16% increase in monthly active users as compared to the monthly active user count in October. The platforms also recorded a 54% increase in total trading volume,” the company wrote.

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