Topic: How To Invest

Q: Hello, Pat. What is your take on investing for the long term in WonderFi Technologies Inc. (WNDR)? Thanks.

Article Excerpt

A: WonderFi Technologies Inc., $1.08, symbol WNDR on the NEO Exchange (Shares outstanding: 161.5 million; Market cap: $176.5 million; www.wonder.fi), aims to provide consumers better access to digital assets, including cryptocurrencies and non-fungible tokens (NFTs). The NEO exchange, which is recognized by the Ontario Securities Commission, is owned by Aequitas Innovations, a company backed by a number of Canadian and international corporations including Royal Bank, IGM Financial and Barclays. The NEO Exchange lists over 225 companies and ETFs. These 225 issues account for close to 15% of all Canadian stock/ETF trading volume. Here’s a link to get stock quotes, symbols and charts on the Neo exchange: https://www.neo.inc/en/home WonderFi now has several businesses: On January 25, 2022, the company launched its WonderFi app. This lets consumers buy, sell and store digital assets such as cryptocurrencies and NFTs (more on those below). Meanwhile, on February 24, 2022, WonderFi announced the launch of a new division, WonderFi Interactive. This is aimed at expanding WonderFi’s product offerings into…