Robinhood, WonderFi Deal Marks Bold C$250 Million Bet on Canada’s Crypto Future
Just in time for Canada Crypto Week, Robinhood Markets (NASDAQ:HOOD) has announced a definitive agreement to acquire Canadian digital asset firm WonderFi Technologies (TSX:WNDR,OTCQB:WONDF) for approximately C$250 million (US$179 million) in an all-cash transaction.
The deal, which amounts to a 41percent premium over WonderFi’s Monday (May 12) closing price, is expected to be finalized in the second half of 2025, pending regulatory and shareholder approvals.
The acquisition marks a significant expansion of Robinhood’s international footprint. WonderFi operates two of Canada’s longest-standing regulated crypto platforms, Bitbuy and Coinsquare, managing over C$2.1 billion in assets.
The integration of these platforms will enhance…
