"WonderFi Technologies, a Vancouver-based decentralized finance (DeFi) platform, announced today that it will acquire Toronto-based crypto exchange Bitbuy for around $206 million CAD ($162 million USD) in cash and shares. The deal establishes WonderFi, backed by venture capitalist Kevin O’Leary, as Canada’s largest publicly traded end-to-end consumer platform for crypto and DeFi. It's also a bet on the regulatory environment in Canada — and reflects a global strategy of seeking out crypto-friendly regulators, according to O'Leary."