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Bitbuy and Localcoin Partner Boosting Crypto Access in Canada

Crypto | Sep 20, 2023

Unsplash Vardan Papikyan Partnership - Bitbuy and Localcoin Partner Boosting Crypto Access in Canada

Image: Unsplash/Vardan Papikyan

Bitbuy, a subsidiary of WonderFi Technologies Inc., has announced a strategic partnership with Localcoin, Canada's largest Bitcoin ATM provider.

This collaboration aims to enhance cryptocurrency adoption and accessibility across Canada.

Expanding Access to Crypto

  • Localcoin, established in 2017, has been a pioneer in the cryptocurrency ATM sector in Canada. With 920 ATMs, it captures 33% of the cryptocurrency ATM market share in the country.  Localcoin chose Bitbuy for its scale, commitment to the Canadian market, and robust regulatory positioning.
  • Bitbuy's digital asset services will soon power nearly 50% of Canada's Bitcoin ATMs. This is a testament to the scale and reach of the partnership.

See:  Bitbuy to Offer Stock Trading to Its Users

  • Bitbuy is on track to surpass 900,000 registered Canadian users by the end of the month, making it one of the country's largest crypto-trading platforms. The platform caters to a diverse user base, including retail and advanced traders, high-net-worth individuals, and institutional clients. This partnership solidifies both companies' positions as leaders in the Canadian cryptocurrency space.
  • This collaboration ensures that Canadians have more touchpoints to access cryptocurrencies, making it easier for both novices and experts to buy or sell digital assets.

Improving User Experience and Security

  • The partnership will introduce a robust API integration, ensuring a seamless connection between Bitbuy and Localcoin platforms.
  • This integration will provide Localcoin users with competitive pricing and efficient order execution, enhancing the overall user experience.
  • Both companies are committed to upholding the highest standards of security in the cryptocurrency industry, ensuring that users' transactions and assets are safeguarded.

See:  Dispelling FUD: Why Binance’s Exit from Canadian Crypto Markets Strengthens Canada’s Ecosystem

Another Milestone for Canadian Crypto

In conclusion, the strategic partnership between Bitbuy and Localcoin marks a significant milestone in the Canadian cryptocurrency landscape. As fintechs, financial institutions, and investors navigate the evolving digital asset ecosystem, collaborations like these signal a promising future for cryptocurrency adoption and infrastructure development in Canada.


NCFA Jan 2018 resize - Bitbuy and Localcoin Partner Boosting Crypto Access in CanadaThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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