Canada based crypto trading venue operator WonderFi Technologies Inc (TSE:WNDR) has announced that the company has entered into a non-binding Letter of Intent to form a new partnership with Retail FX and CFDs broker Eightcap and Embedded, its Trading-as-a-Service (“TaaS”) solution.

This collaboration aims to give users on WonderFi’s wholly owned crypto trading platforms, Bitbuy and Coinsquare, access to derivatives across a wide range of popular financial markets, including foreign exchange, major indices, oil, metals, and a curated selection of individual stocks.

These products will be offered as contracts for difference (“CFDs”), which are regulated over-the-counter derivatives that allow users to speculate on asset price movements without owning the underlying assets, offering flexibility to profit in both rising and falling markets. Eightcap will act as the trading technology and liquidity provider for Bitbuy and Coinsquare, enabling these offerings in Canada and for Bitbuy APAC in Australia.

The partnership leverages Embedded, a TaaS solution powered by Eightcap that will bring seamless multi-asset trading to Bitbuy and Coinsquare’s growing userbase, to enable the offering of CFDs in both Canada and Australia. With a focus on speed and efficiency, the integration of Eightcap’s Embedded technology is designed to be fast to market and straightforward, ensuring a smooth trader experience. It is proposed that Eightcap will also manage liquidity and settlement, ensuring a seamless interaction with these new markets for Bitbuy and Coinsquare users.

Dean Skurka, CEO of WonderFi, expressed his enthusiasm for the partnership,

“We’re incredibly excited to partner with Eightcap with a view to offering multi-asset trading to our 1.7 million registered users. The execution of this LOI marks a significant step forward, setting out a framework that we believe will empower our users with greater access to global financial markets, all within the trusted ecosystems they already know and love. By diversifying and widening the trading opportunities for our users, we aim to make Bitbuy and Coinsquare the go-to destination for all of their trading needs.”

Patrick Murphy, Chief Commercial Officer of Eightcap, added,

“We’re thrilled to add WonderFi to our growing list of Embedded partners. 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. As the first of its kind in Canada, we expect this partnership to drive innovation and offer unmatched flexibility for traders.”

By combining Bitbuy and Coinsquare’s active and loyal user bases with Eightcap’s expertise in derivatives trading, this partnership aims to enhance the trading options available to Canadian and Australian users while maintaining the high standards of reliability and security both companies are known for. The rollout of these new offerings is expected in H2 2025, and is subject to entering into definitive agreements in respect of the partnership and relevant regulatory approvals in both jurisdictions. This venture is expected to further solidify WonderFi’s position as a leader in the fintech and digital asset space.

This partnership was independently sourced by WonderFi, and no finder’s fees or similar third-party payments are or will be incurred in connection with this agreement.

About Eightcap

Founded in 2015 and based in Australia, Eightcap is a leading fintech company providing a range of B2C and B2B solutions within its dynamic trading ecosystem. Embedded powered by Eightcap is a Trading-as-a-Service (TaaS) solution allowing its partners to seamlessly offer derivative products through their own platforms.

About WonderFi

WonderFi is a global leader in centralized and decentralized financial services and products. With over $2.4 billion in client assets under custody, WonderFi’s regulated trading platforms are well-positioned to service crypto participants on a global scale with trading, payments and decentralized products, including purpose-built blockchains and non-custodial wallet applications.

Designed to provide investors with diversified investment exposure across the global digital asset ecosystem, the Company has a proven track record of launching new products and obtaining registrations. It is also the owner of market-leading brands, including Bitbuy, Coinsquare, SmartPay and Tetra Trust.