WonderFi Expands to Australia, Eyes Long-Term Growth in Crypto Markets

WonderFi CEO Dean Skurka and APAC head Tim Lo discuss the company expansion into Australia at the Blockchain Futurist Conference, emphasizing a regulatory-first approach and predicting increased crypto adoption, especially among institutional investors.

At this year’s Blockchain Futurist Conference in Canada, WonderFi made headlines with its announcement of expanding into the Australian market. Dean Skurka, president and CEO of WonderFi, along with Tim Lo, head of the Australia and Asia Pacific (APAC) markets, spoke to Cointelegraph about this strategic move and shared their insights on the future of the cryptocurrency industry.

WonderFi’s expansion into Australia marks its first step towards global growth. Skurka explained that Australia was chosen due to its demographic similarities to Canada and comparable regulatory frameworks, making the transition smoother. “We are embracing a regulatory-first mindset with respect to the markets that we enter,” Skurka said. He emphasized that as a public company, WonderFi aims to invest in markets where it can ensure long-term service to its customers.

The conversation also touched on the early days of crypto adoption. Lo, who leads WonderFi’s operations in the APAC region, believes the industry is still in its infancy but foresees a future where large institutional investors will allocate substantial portions of their portfolios to digital assets. “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,” Lo predicted, though he acknowledged that the market is still far from maturity.

Despite the current crypto markets being down by 33% from previous all-time highs, Lo remains optimistic that new highs will be achieved, driven by the introduction of crypto exchange-traded funds (ETFs) in the United States and growing demand from institutional investors.

Skurka also noted that interest rate cuts by the Bank of Canada and the launch of crypto ETFs in the U.S. have started attracting retail investors to the digital asset markets. However, he cautioned that this influx would not happen overnight but rather gradually over the next six to 12 months.

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