• Home
  • Cryptocurrency
  • Bitbuy's Strategic Partnership Revolutionizes Canada's Cryptocurrency Landscape

Bitbuy's Strategic Partnership Revolutionizes Canada's Cryptocurrency Landscape

Jack Evans
Sep 18, 2023 at 10:45 pm

Canada's cryptocurrency ecosystem is experiencing a seismic shift as Bitbuy Technologies Inc., a subsidiary of WonderFi, announces a strategic partnership with Localcoin, the country's largest Bitcoin ATM provider. This game-changing collaboration is set to reshape the way Canadians interact with digital assets and solidify Canada's position as a key player in the global cryptocurrency economy.

Bitbuy Expands Its Reach

Bitbuy Technologies Inc., backed by the financial powerhouse WonderFi, is no stranger to innovation in the cryptocurrency space. With this new partnership, Bitbuy is poised to extend its digital asset services to an impressive 920 Bitcoin ATMs across Canada, covering a substantial 33% of the country's cryptocurrency ATM market. This development signifies a remarkable stride forward for Bitbuy, propelling its services into the hands of countless Canadians who seek easily accessible and user-friendly platforms for buying or selling Bitcoin, Ethereum, Litecoin, and more.

Canada's Crypto ATM Dominance

Canada has emerged as a dominant force in the global cryptocurrency ATM arena, boasting a remarkable 2,747 ATMs, second only to the United States. Through its subsidiary companies, WonderFi Technologies has been instrumental in providing 1.6 million Canadians with regulated access to crypto trading and staking services. These subsidiaries include Bitbuy, Coinsquare, and CoinSmart, collectively serving as a gateway to the world of digital assets for Canadians nationwide. Bitbuy's latest move to partner with Localcoin cements Canada's continued fascination with cryptocurrencies, despite regulatory uncertainties both locally and abroad.

A Beacon of Hope in the Crypto World

As Canada welcomes Coinbase into its market in August, and despite Binance's earlier departure from the country, the Bitbuy-Localcoin partnership stands as a testament to Canada's unwavering commitment to digital assets. These recent developments underscore Canada's potential to emerge as a global leader in the cryptocurrency economy. With Bitbuy expanding its footprint and Localcoin's extensive network of ATMs, Canadians now have more accessible avenues than ever to participate in the crypto revolution, reaffirming the nation's significance in this exciting and ever-evolving space.
The strategic partnership between Bitbuy and Localcoin not only signifies a transformation in Canada's cryptocurrency landscape but also highlights the nation's determination to thrive in the world of digital assets. As Canada continues to shape its crypto destiny, Bitbuy's extended reach and Localcoin's accessibility promise to pave the way for countless Canadians to join the global crypto economy, setting the stage for a thrilling future in the world of cryptocurrencies.

Read more about

Related News

Sign up for daily crypto news in your inbox

Get crypto analysis, news and updates right to your inbox! Sign up here so you don't miss a single newsletter.