NEW YORK, December 9, 2021 / PRNewswire / – With the total value locked (TVL) reaching a its highest point from $ 236 billion In November, decentralized finance (DeFi) attracted investment interest along with potentially favorable attention from certain institutions. Bank for International Settlements (BIS) believe that DeFi could play a major role in traditional finance and has even called for regulatory advances in the space. Due to regulatory stimulus, many crypto investment products thrown out in the market. Meanwhile, traditional financial firms clamor to capitalize on this opportunity with their own proprietary cryptocurrency-related services. These events signal exciting opportunities for leading Defi companies such as WonderFi Technologies (NEO: WNDR) (OTCPK: WONDF), DeFi Technologies Inc. (NEO: DEFI) (OTCPK: DEFTF), Voyager Digital (TSX: VOYG) (OTCQX: VYGVF), Coinbase Global (NASDAQ: COIN) and HIVE Blockchain Technologies Ltd. (NASDAQ: HIVE) (TSXV: HIVE).
WonderFi Technologies (NEO: WNDR) (OTC: WONDF) is a technology company backed by Kevin O’Leary providing us with an easy gateway to DeFi. Upon December 9, the company announced the release date of the WonderFi app, a simple and free app that makes DeFi conveniently accessible for everyday users. The application will make its desktop debut in January 25, 2022, closely followed by the launch of the mobile app.
“The WonderFi app allows anyone with a mobile phone to access DeFi, regardless of their background or industry experience.” said Ben samaroo, the executive director of WonderFi, “We are committed to providing fair and equitable access to DeFi and lowering barriers to entry for anyone.”
WonderFi also recently made a strategic investment at First Ledger, the parent company of Bitbuy Technologies Inc., Canada first approved crypto market. According to WonderFi CEO, this strategic investment is a “significant step” as the company continues to make financial democratization a reality.
He said, “Our alignment with Bitbuy opens up significant opportunities to create a unified end-to-end customer experience. We are actively exploring [the] integration of our product suites that will broaden the reach and reach that WonderFi can bring to the market and drive long-term growth and value for the business. “
What’s more, WonderFi Technologies (NEO: WNDR) (OTC: WONDF) Announced upon November 24, 2021 the list of tokenized stocks on FTX, a leading global cryptocurrency exchange founded by Sam Bankman-Fried, a respected businessman named in the Forbes 30 Under 30.
This is crucial because the FTX listing not only provides global access to WonderFi’s shares, it also gives the millions of FTX users the opportunity to invest in WonderFi through BTC, ETH, and other cryptocurrencies without a bank account.
“WonderFi is a strategic partner of FTX and we are excited to list WonderFi shares and provide the world with greater access to an emerging leader in the decentralized crypto and financial space.” stated the CEO of FTX Sam Bankman-Fried. “In many countries, investors do not have easy access to the North American stock markets or, if they do, it can be very expensive. You don’t see 24/7 access to most of the stock markets, but the FTX markets are always open. “
These recent advances are just the tip of the iceberg, as WonderFi just Announced the appointment of Bill koutsouras as chairman of its Board of Directors in November 15, 2021. Bill koutsouras He served as the Principal Independent Director of Galaxy Digital since its publication in 2018, and as Chairman of the Board of Wheaton Precious Metals International, where he has served on the board for more than 15 years.
Not only was he the executive vice president and chief financial officer of Endeavor Financial Corporation, a mining-focused commercial banking company with around $ 1.5 billion in revenue, he was also heavily involved in more $ 25 billion of M&A transactions and $ 4 billion of financial agreements.
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DeFi companies continue to acquire steam in expansion
DeFi Technologies (NEO: DEFI) (OTC: DEFTF) Announced upon December 1, 2021, which had deployed a Solana validator node that will act as a standalone validator for the network. Solana is a public blockchain protocol created to host Defi applications. With over 400 projects in DeFi, NFT, Web 3, and more, Solana is considered one of the fastest growing ecosystems in the cryptocurrency space.
Another rising star in the DeFi space Voyager Digital (TSX: VYGR) only Announced had launched the Voyager Debit Mastercard, the first cryptocurrency-based debit card that pays up to 9% annual rewards to customers and additional rewards for members of the Voyager Loyalty Program. In addition to allowing Voyager customers to earn rewards while conveniently spending crypto, the card offers customers a predictable and rewarding way to hold and convert crypto for purchases.
The shareholders letter for the third quarter of Coinbase Global (NASDAQ: COIN), a cryptocurrency exchange platform, outstanding your revenue growth to $ 1235 million from only $ 287 million A year ago. Coinbase being a major player in the space combined with the efforts of regulators to create a safer environment may have contributed to Coinbase’s 7.4 million users, more than triple since the end of 2020.
In the meantime, HIVE Blockchain Technologies Ltd. (NASDAQ: HIVE) (TSXV: HIVE) what’s more Announced your investment in Titan.IO, Inc., a leading blockchain software company. HIVE may have seen potential in this strategy due to Titan’s cutting edge solution that helps Bitcoin miners increase efficiency and scalability while keeping costs low.
As the DeFi space continues its growth in value, products and regulatory awareness, WonderFi Technologies (NEO: WNDR) (OTC: WONDF) it could be well positioned to accelerate success.
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