WonderFi interim CEO on possible changes now that crypto merger is finalized

With WonderFi’s merger with Canadian cryptocurrency exchanges Coinsquare and CoinSmart now closed, its interim CEO is hinting at big changes within the platforms, including changes to staffing.

The three-way deal was first announced in April and officially finalized on Monday at the Toronto Stock Exchange. The merger effectively combines $600 million in assets across 1.65 million users under the same company, which WonderFi calls “Canada’s largest regulated crypto asset trading platform.”

Dean Skurka, president and interim CEO of WonderFi, hinted in an interview with BNN Bloomberg that merging the three companies could result in some staffing reductions.

“We anticipate synergies that will naturally take effect across the various platforms,” he said. “Certainly there is overlap within the crypto trading segment and we’re going to take a close look at that. In this market environment that we’re currently in, profitability is focus number one for us and that will drive a lot of our decision making in the early days.”