WonderFi Technologies has entered into a non-binding Letter of Intent (LOI) to form a new partnership with Eightcap along with its Trading-as-a-Service (TaaS) solution, Embedded. This collaboration aims to enhance the trading capabilities of WonderFi’s wholly owned crypto platforms, Bitbuy and Coinsquare, by providing users access to a broader range of derivatives across financial markets such as foreign exchange, indices, oil, metals, and select stocks.

Under this partnership, products will be offered as contracts for difference (CFDs)—regulated over-the-counter derivatives that allow users to speculate on price movements without owning the underlying assets. CFDs provide flexibility, allowing users to profit in both rising and falling markets. Eightcap will act as the trading technology and liquidity provider for both platforms in Canada and for Bitbuy APAC in Australia.

WonderFi Partnership with Eightcap to Expand Trading Options

The integration of Embedded’s TaaS solution will offer seamless multi-asset trading to Bitbuy and Coinsquare’s growing user base, with a focus on speed, efficiency, and ease of market access. The technology is here to ensure a smooth user experience, enabling users to trade a variety of assets in a regulated environment. Additionally, Eightcap will manage liquidity and settlement, further enhancing the user experience.

Dean Skurka, CEO of WonderFi, expressed excitement about the partnership, stating, “This collaboration marks a significant step forward in providing our 1.7 million users with access to global financial markets, all within the trusted environments of Bitbuy and Coinsquare.”

Patrick Murphy, Chief Commercial Officer of Eightcap, highlighted the importance of the partnership, emphasizing its role in bridging decentralized finance (DeFi) and traditional finance (TradFi). He noted that this collaboration is a milestone in offering crypto traders the ability to trade both crypto and traditional assets securely.

The new offerings are going to launch in the second half of 2025, contingent on entering into definitive agreements and obtaining regulatory approvals in Canada and Australia.

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