WonderFi’s Dean Skurka Discusses Onchain Integration and Canada’s Crypto Growth
Dean Skurka, CEO of WonderFi, has overseen significant growth since joining Bitbuy in 2018. The company now manages 1.7 million accounts and $2 billion in assets after consolidating Canadian exchanges.
Layer 2 Blockchain Launch
WonderFi is launching a Layer 2 blockchain with zkSync to facilitate decentralized finance (DeFi) access for users. Key points include:
- Focus on long-term integration of centralized and decentralized platforms.
- Grounded approach without reliance on flashy incentives.
- Support through builder incentives and hackathons.
Centralized vs Decentralized Exchanges
Skurka views decentralized exchanges as extensions of centralized ones, enhancing user interaction with the crypto ecosystem. He emphasizes:
- Centralized exchanges as pathways for newcomers to engage with DeFi.
- Integration of traditional financial services into exchange offerings.
Crypto Evolution in Canada
WonderFi aims to reshape Canada's crypto landscape by collaborating with regulators on trading and staking guidelines. Observations include:
- Canada's historical significance in crypto innovation.
- Shift of innovative products offshore due to regulatory uncertainty.
- Increasing interest from institutional investors in digital assets.
Expansion Plans
WonderFi plans to expand into Australia, which offers clear regulations and strong crypto adoption.
Addressing Volatility
Skurka acknowledges the impact of market volatility on business operations and team morale but expresses confidence in navigating these challenges.