Australia is about to feel the WonderFi wave. The Canadian crypto giant is making its first international splash in the Land Down Under.
In top cryptocurrency trending news, Dean Skurka, the head of WonderFi, and Tim Lo, the company’s lead for Australia and the Asia Pacific region, recently took the stage at the Blockchain Futurist Conference in Canada.
Their presentation delved into the company’s strategic expansion into the Australian market and offered insights into the broader trajectory of the cryptocurrency industry.
Here’s what we can expect: Skurka highlighted that WonderFi’s move into Australia marks the company’s initial step toward global growth. Australia was chosen for this expansion due to its demographic and regulatory similarities to Canada, making the transition smoother and more efficient.
Moreover, Skurka emphasized WonderFi is focused on building a strong, long-lasting presence in new markets. He stressed the importance of following all rules and regulations. As a public company, WonderFi wants to invest in places where it can operate successfully for many years.
He also expressed optimism about the increasing adoption of crypto:
“Sooner or later, we’re going to see a lot of the pension plans, a lot of the government funds, start putting actual proper asset allocation into crypto. I think that’s when the market is going to be mature, but we’re far away from that.”
Meanwhile, Tim Lo, the APAC markets head, shared his view that the crypto industry is still in its early stages.
He predicted that as the market matures, large institutional investors will start allocating a significant portion of their portfolios to digital assets. Although crypto markets are currently down 33% from their previous all-time highs, Lo is optimistic that the introduction of crypto exchange-traded funds (ETFs) in the United States and the growing demand from institutional investors will eventually drive the markets to new heights.
Skurka also talked about growing interest in crypto from regular investors.
He said that lower interest rates in Canada and new crypto investments in the U.S. are bringing more people into the crypto market. However, as per the latest crypto news, he thinks it will take about six to twelve months for a large number of regular investors to join the crypto world.
