TORONTO, Oct. 10,
2024 /CNW/ - Banxa Holdings Inc.
(TSXV: BNXA) (OTCQX: BNXAF) (FSE: AC00) ("Banxa'' or
the "Company") is pleased to announce an update on its
product, partnerships and audited FY24 results.
PARTNERSHIP UPDATE
Banxa continues to expand its partner roster - more than 300+
active partners - highlighting a select few below:
- CoinW: A top-10 centralized exchange with nearly 9
million unique visitors per month
- SimpleSwap: A near-instant DEX that offers a variety of
tokens and has a global footprint with over 500 thousand unique
visitors per month
- Tradeway: A large Forex platform
The addition of new partners deepens Banxa's market share in the
wallet and exchange segment.
PRODUCT UPDATE
Banxa continues to drive product
innovation aimed at enhancing system performance, boosting partner
insights, and improving user experience. These updates are designed
to help partners streamline their operations and optimize
performance for growth, leading to deepening of the
partnerships.
Partner Analytics Dashboard
A new tool that gives partners a deeper understanding of
customer engagement and business performance, such as Average Order
Value and Total Transaction Value, monitor 30-day trends, and
understand customer behaviors to drive data-driven growth
strategies.
Dashboard Enhancements
We've launched powerful upgrades to the Banxa Partner Dashboard,
such as multiple API key management, restricted orders visibility,
customer KYC status visibility, and extended order history and
enhanced search, that give greater visibility and control back to
our partners.
User Experience
With Google Sign-in integration coming soon, customers can
onboard faster and with more ease. A beta version of a new KYC
transparency feature is also available, enhancing the onboarding
process with more control and clarity.
CONFERENCE CALL
Banxa aims to schedule a conference call towards the end of
October to discuss the audited FY24 financial results. Investors
should watch for a press release confirming the date.
ABOUT BANXA HOLDINGS INC.
Banxa is the leading infrastructure provider for enabling
embedded crypto - empowering businesses to embed
crypto seamlessly into their existing platforms and
unlocking new opportunities in the rapidly evolving
crypto economy. Through an extensive and growing
network of global and local payment solutions and regulatory
licenses, Banxa helps businesses provide seamless integration of
crypto and fiat for global audiences with lower fees
and higher conversion rates. Headquartered in the USA, Europe,
and Asia-Pacific, the Banxa team
is building for a world where global commerce is run on digital
assets. For further information visit www.banxa.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
ON BEHALF OF THE BOARD OF DIRECTORS
Per: "Zafer Qureshi"
Zafer Qureshi = Executive
Director and Co-CEO, +1-888-332-2692
Forward-Looking Information
This release includes certain statements and information that
may constitute forward-looking information within the meaning of
applicable Canadian securities laws. Forward-looking statements
relate to future events or future performance and reflect the
expectations or beliefs of management of the Company regarding
future events. Generally, forward-looking statements and
information can be identified by the use of forward-looking
terminology such as "intends" or "anticipates", or variations of
such words and phrases or statements that certain actions, events
or results "may", "could", "should", "would" or "occur". This
information and these statements, referred to herein as
"forward‐looking statements", are not historical
facts, are made as of the date of this news release and include
without limitation, statements regarding discussions of future
plans, estimates and forecasts and statements as to management's
expectations and intentions.
These forward‐looking statements involve
numerous risks and uncertainties and actual results might differ
materially from results suggested in any forward-looking
statements. Although management of the Company has attempted to
identify important factors that could cause actual results to
differ materially from those contained in forward-looking
statements or forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove
to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements and forward-looking information. Readers are cautioned
that reliance on such information may not be appropriate for other
purposes. The Company does not undertake to update any
forward-looking statement, forward-looking information or financial
out-look that are incorporated by reference herein, except in
accordance with applicable securities laws. We seek safe
harbor.
SOURCE Banxa Holdings Inc.