WonderFi Technologies Inc., a company known for offering centralized and decentralized financial services, has signed a non-binding Letter of Intent (LOI) with Eightcap and Embedded. The partnership focuses on expanding financial offerings for users of WonderFi’s crypto trading platforms, Bitbuy and Coinsquare.

Eightcap Bridges DeFi and TradFi Trading

Under the terms of the proposed collaboration, users of Bitbuy and Coinsquare will gain access to a variety of derivatives, including those based on foreign exchange, major indices, oil, metals, and individual stocks. These products will be offered as contracts for difference (CFDs), The Globe and Mail reported.

“This collaboration is another major step forward in bridging decentralized finance (DeFi) and traditional finance (TradFi). It will allow crypto traders to seamlessly trade both crypto and TradFi assets in a secure and regulated setting,” Patrick Murphy, Chief Commercial Officer of Eightcap, commented.

Eightcap, a fintech company founded in 2015, will provide the necessary trading technology and liquidity . The company, which is globally regulated, offers Trading-as-a-Service (TaaS) solutions through Embedded, a platform designed to help partners like WonderFi deliver derivative products on their platforms. This collaboration will enable the integration of CFDs for Bitbuy and Coinsquare in Canada and Australia.

Eightcap Delivers CFDs, Liquidity to Bitbuy

The integration of Eightcap's technology aims to provide a fast and efficient market entry, enhancing the trading experience for users. As part of the partnership, Eightcap will also manage liquidity and settlement processes to ensure seamless market interaction for Bitbuy and Coinsquare users.

The rollout of these new offerings is expected in the second half of 2025, pending the finalization of agreements and regulatory approvals in both countries. The deal was independently sourced by WonderFi, with no finder's fees or third-party payments involved.