WonderFi CEO: The growth of the Canadian crypto market is driven by both regulatory environment and market factors

Dean Skurka, CEO of Canadian crypto platform WonderFi, stated at the Collision conference in Toronto that the outlook for Canada's retail cryptocurrency market is promising. A convergence of various factors, including local regulatory environment, could continue to drive market growth. The Bank of Canada's interest rate cuts and strong interest in Bitcoin and Ethereum exchange-traded funds have put cryptocurrencies in a favorable position among a wider audience. In addition, the expected halving of Bitcoin also promises a robust retail market. WonderFi plans to integrate several acquired crypto companies into one entity through its merger with Coinsquare and expand into the Asia-Pacific region. Skurka said that compared with their counterparts in the Asia-Pacific region, Canadian regulators are "more advanced". Despite other industry professionals' lukewarm enthusiasm for regulation in Canada, Skurka expressed appreciation for Canada's regulatory environment. WonderFi will announce its activities in the Asia-Pacific region within a few months.