The Canadian cryptocurrency service provider WonderFi Technologies Inc. (TSX: WNDR) has announced its registration with the Securities and Exchange Commission (SEC) in the United States, to have its common shares listed on NASDAQ.
Notably, this move marks the beginning of an international expansion by the Toronto-based multi-services crypto firm. According to a press release shared by Yahoo Finance on October 6:
“[This ] registration with the SEC is an important first step for WonderFi as we look to expand the company’s presence to the United States.”
— Dean Skurka, President and Chief Executive Officer of WonderFi
WNDR YTD price chart on TSX. Source: Yahoo Finance
Therefore, the stock market is already optimistic about WonderFi’s new plans, showing that investors believe this move will bring additional value to the company’s shareholders.
However, a listing registration does not guarantee that it will be approved. It is widely known that the United States SEC has been directly acting against cryptocurrency exchanges and service providers in the U.S. Which means relevant challenges for this current strategy.
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