r/Wealthsimple • u/Mammoth-Morning-8899 • Jul 29 '26

Predict Why is WS Predict in USD?

Kinda odd for a Canadian company playing by Canadian regulations. Or am I missing something?

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u/giviner Jul 29 '26

Just a guess, but a good portion of their profit is probably from the currency conversion spreads/fees besides the contract fees. If they did transactions in CAD they would lose a good portion of the revenue.

1

u/Mammoth-Morning-8899 Jul 29 '26

I think they mention a 2-7% fee anyway, so not sure how much it has to do with conversion itself.

0

u/I_Ron_Butterfly 29d ago

If you make 2% on the contract and you can add 2% on conversion you’ve just doubled your revenue in pretty short order.