US EditionRobinhood (HOOD) to Acquire Canadian Crypto Firm WonderFi (WNDR)
- Robinhood Markets agreed on May 13, 2025, to acquire Canadian crypto firm WonderFi Technologies for CA$250 million, about $179 million USD.
- Robinhood aims to expand internationally and deepen its crypto presence following last year's $200 million Bitstamp purchase.
- WonderFi, which manages the regulated Canadian crypto exchanges Bitbuy and Coinsquare, holds custody of digital assets exceeding CA$2.1 billion and caters to users ranging from novices to experienced traders.
- The transaction, conducted entirely in cash, prices WonderFi shares at 36 cents each in Canadian dollars, reflecting a 41% increase compared to the company's recent market close, and retains the existing WonderFi leadership team.
- The acquisition will strengthen Robinhood’s footprint in Canada’s digital asset market and add WonderFi’s employees to its existing Toronto workforce of over 140.
44 Articles
44 Articles
Robinhood Markets signs deal to buy WonderFi Technologies for $250M
TORONTO — Robinhood Markets Inc. has signed a deal to buy Canadian cryptocurrency company WonderFi Technologies Inc. for $250 million. WonderFi owns cryptocurrency platforms Bitbuy and Coinsquare. Under the deal, Robinhood will pay 36 cents per WonderFi share. WonderFi shares rose nine cents to 34.5 cents in afternoon trading Tuesday on the Toronto Stock Exchange. […]
Robinhood (HOOD) to Acquire Canadian Crypto Firm WonderFi (WNDR)
Robinhood Markets (HOOD), the California-based financial services company, said Tuesday it agreed to buy Canadian crypto firm WonderFi (WNDR) for $178.98 million.The all-cash acquisition values WonderFi at 36 Canadian cents per share, a 41% premium over its closing price prior to the announcement.“WonderFi has built a formidable family of brands serving beginner and advanced crypto users alike, making them an ideal partner to accelerate Robinhoo…
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