- WonderFi (WNDR) subsidiary Bitbuy intends to offer stock trading in Q1 2023
- The new service, in partnership with AlpacaDB, features access to thousands of U.S. stocks and ETFs with fractional trading and instant settlement
- A Canadian investment bank and IIROC member will provide brokerage services for the new offering
- WonderFi Technologies improves access to digital assets through centralized and decentralized platforms
- WonderFi (WNDR) is up by 3.85 per cent, trading at $0.405 per share
WonderFi (WNDR) subsidiary Bitbuy intends to offer stock trading in Q1 2023.
The new service, in partnership with AlpacaDB, features access to thousands of U.S. stocks and ETFs with fractional trading and instant settlement.
Alpaca is a developer-first embedded financial technologies platform that’s raised over $70M in funding.
Bitbuy will utilize Alpaca’s Broker API and partner with a Canadian investment bank and IIROC member for routing, execution, clearance and custody services.
“Providing seamless access to stock trading makes Bitbuy the first platform in Canada to offer a full suite of crypto trading as well as fractional trading of U.S. equities with real-time settlement,” stated Ben Samaroo, WonderFi’s CEO. “This is in furtherance of our goal of making users’ lives easier and bringing key asset classes within our easy-to-use, regulated platforms.”
“Alpaca is always about opening financial services access globally, now with partners in more than 25 countries. This partnership with WonderFi accelerates our mission, and I am very excited that Alpaca’s infrastructure will support the service to people in Canada, where many of our employees reside,” added Yoshi Yokokawa, Alpaca’s Co-Founder and CEO.
WonderFi Technologies improves access to digital assets through centralized and decentralized platforms.
WonderFi (WNDR) is up by 3.85 per cent, trading at $0.405 per share at 10:14 am EST.