Robinhood Acquires WonderFi in $178M Deal

Robinhood Acquires WonderFi for $178 Million

• Robinhood will acquire WonderFi in a $178 million all-cash deal.
• The acquisition expands Robinhood’s presence in Canada’s digital asset market.
• The deal is a 41% premium to WonderFi’s last closing share price and 71% above its 30-day average.
• WonderFi operates Bitbuy and Coinsquare, managing over $2.1 billion CAD in client assets.
• The transaction is expected to close in the second half of 2025, pending approvals.

Robinhood announced an agreement to buy WonderFi for $178 million, enhancing its position in Canada’s digital asset market. The acquisition includes key Canadian exchanges Bitbuy and Coinsquare, with over $2.1 billion CAD under custody. The deal awaits regulatory and shareholder approvals to close by late 2025.