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Robinhood (HOOD) to Acquire Canadian Crypto Firm WonderFi (WNDR)

  • On May 13, 2025, Robinhood Markets Inc. Announced an agreement to acquire WonderFi Technologies Inc., a Canadian crypto firm, in a cash transaction valued at approximately CA$250 million.
  • Robinhood, aiming to expand its international presence and crypto offerings, pursued WonderFi because it owns popular Canadian platforms Bitbuy and Coinsquare, which manage over CA$2.1 billion in assets.
  • Under the terms of the agreement, Robinhood will pay WonderFi shareholders 36 Canadian cents for each share, which reflects a 41% increase compared to the company’s previous closing price, while WonderFi’s management team and product offerings will remain part of Robinhood Crypto.
  • Robinhood processed CA$3.57 billion in crypto trading volume in fiscal 2024, a 28 percent increase, and previously made a $200 million purchase of European crypto exchange Bitstamp, signaling deeper crypto market engagement.
  • The acquisition is anticipated to be finalized during the latter part of 2025 and aligns with Robinhood’s goal to expand its cryptocurrency user base in Canada amid a broader industry recovery and growing regulatory approval.
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BetaKit broke the news in on Tuesday, May 13, 2025.
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