Robinhood to Acquire Canadian Crypto Firm WonderFi
The post Robinhood to Acquire Canadian Crypto Firm WonderFi appeared on BitcoinEthereumNews.com. Key Notes Robinhood to acquire Canada’s WonderFi for $250 million in an all-cash deal. WonderFi runs two regulated Canadian crypto platforms and will provide good gateway for Robinhood. The deal is expected to close in H2 2025, pending regulatory approval. Robinhood Markets Inc (NASDAQ: HOOD) has confirmed plans to acquire WonderFi Technologies Inc, a Canadian crypto company. WonderFi operates two of the country’s established and regulated crypto platforms. This acquisition marks Robinhood’s entry into the Canadian crypto market. It is also part of the company’s broader effort to expand its presence in the global digital finance sector. Robinhood all-cash deal comes with 41% premium According to its official announcement, Robinhood will acquire all issued and outstanding common shares of WonderFi for $0.36 per share. According to the update, the deal is an all-cash transaction, valuing WonderFi at around $250 million. It is important to state that this offer represents a 41% premium over WonderFi’s closing share price on May 12, 2025. Additionally, it includes a 71% premium compared to its 30-day volume-weighted average price (VWAP). The update also noted that WonderFi operates two regulated Canadian platforms: Bitbuy and Coinsquare. Combined, they hold over $2.1 billion in assets under custody. These platforms provide services such as crypto trading, staking, and custody. Robinhood believes that WonderFi’s existing structure and experience in Canada offer a solid base to build on. The acquisition is expected to expand Robinhood’s ability to deliver trusted, user-focused crypto products in a new market. Johann Kerbrat, Senior Vice President and General Manager of Robinhood Crypto, said the acquisition supports Robinhood’s long-term goal of building a global financial system. He noted that WonderFi’s strong presence in Canada and experience working with beginner and advanced users make them a good fit. He also emphasized the opportunity to bring Robinhood’s accessible platform…
The post Robinhood to Acquire Canadian Crypto Firm WonderFi appeared on BitcoinEthereumNews.com.
Key Notes Robinhood to acquire Canada’s WonderFi for $250 million in an all-cash deal. WonderFi runs two regulated Canadian crypto platforms and will provide good gateway for Robinhood. The deal is expected to close in H2 2025, pending regulatory approval. Robinhood Markets Inc (NASDAQ: HOOD) has confirmed plans to acquire WonderFi Technologies Inc, a Canadian crypto company. WonderFi operates two of the country’s established and regulated crypto platforms. This acquisition marks Robinhood’s entry into the Canadian crypto market. It is also part of the company’s broader effort to expand its presence in the global digital finance sector. Robinhood all-cash deal comes with 41% premium According to its official announcement, Robinhood will acquire all issued and outstanding common shares of WonderFi for $0.36 per share. According to the update, the deal is an all-cash transaction, valuing WonderFi at around $250 million. It is important to state that this offer represents a 41% premium over WonderFi’s closing share price on May 12, 2025. Additionally, it includes a 71% premium compared to its 30-day volume-weighted average price (VWAP). The update also noted that WonderFi operates two regulated Canadian platforms: Bitbuy and Coinsquare. Combined, they hold over $2.1 billion in assets under custody. These platforms provide services such as crypto trading, staking, and custody. Robinhood believes that WonderFi’s existing structure and experience in Canada offer a solid base to build on. The acquisition is expected to expand Robinhood’s ability to deliver trusted, user-focused crypto products in a new market. Johann Kerbrat, Senior Vice President and General Manager of Robinhood Crypto, said the acquisition supports Robinhood’s long-term goal of building a global financial system. He noted that WonderFi’s strong presence in Canada and experience working with beginner and advanced users make them a good fit. He also emphasized the opportunity to bring Robinhood’s accessible platform…
What's Your Reaction?
