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.
Insights by Ground AI
Does this summary seem wrong?
55 Articles
55 Articles
All
Left
5
Center
6
Right
1
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. […]
·Toronto, Canada
Read Full ArticleCoverage Details
Total News Sources55
Leaning Left5Leaning Right1Center6Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 42%
C 50%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage