Robinhood Acquires WonderFi to Expand into Canadian Crypto Market
- Robinhood plans to acquire WonderFi Technologies Inc. for $179 million.
- The deal includes a 41% premium on the closing price as of May 12, 2025.
- The transaction is expected to close in the second half of 2025, pending approvals.
- WonderFi operates two of Canada’s oldest registered crypto exchanges with assets over CAD 2.1 billion.
- This acquisition aligns with Robinhood’s mission to make cryptocurrencies more accessible.
The $179 million acquisition of WonderFi by Robinhood, which includes a significant premium over recent stock prices, aims to expand Robinhood’s reach into Canada’s crypto market by leveraging WonderFi’s established exchanges and assets.
Source (2.6)https://hodl.press/robinhood-acquires-wonderfi-to-enter-canadian-market/?rand=24434
