Robinhood Accelerates Canadian Expansion with WonderFi Acquisition
Tuesday, May 13, 2025, 8:21 am
In a bold move north of the border, Robinhood is acquiring Canadian crypto leader WonderFi for CA$250 million, seamlessly integrating regulated digital asset platforms into its portfolio. This strategic play marks a deliberate pivot into Canada's burgeoning crypto scene, as the U.S.-based firm seeks to charm investors with its innovative, border-transcending ambitions.
Online stockbroker and trading giant Robinhood Markets Inc. announced today it has agreed to acquire WonderFi Technologies Inc., a Canadian digital asset and cryptocurrency trading firm for CA$250M, or $179 million, in an all-cash deal. Founded in 2021, WonderFi operates two of Canada’s largest…
Robinhood revealed Tuesday that it’s acquiring Canadian crypto leader WonderFi for CA$250 million (around $178.56 million) in an all-cash deal as it pushes into Canada’s growing digital asset market. WonderFi operates two regulated crypto platforms, Bitbuy and Coinsquare, with over CA$2.1 billion…
WonderFi to “accelerate Robinhood’s mission” north of the border. The post Robinhood to buy WonderFi for $250 million CAD as US trading platform targets Canadian expansion first appeared on BetaKit.
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