Robinhood Markets, part of financial services giant Robinhood, is set to acquire WonderFi Technologies, a Canadian cryptocurrency trading platform, in an all-cash transaction valued at C$250 million (approximately US$179 million).
This acquisition represents an important step in Robinhood’s cryptocurrency expansion in Canada.
The deal sets WonderFi’s share price at C$0.36 each, which offers a 41% premium over its May 12 closing price on the Toronto Stock Exchange and a 71% premium over the 30-day volume-weighted average trading price, Robinhood and WonderFi announced Tuesday.
WonderFi operates registered platforms such as Bitbuy, Coinsquare and SmartPay, and currently manages more than C$2.1 billion in client assets under custody.
WonderFi’s management team will remain in place and will continue to operate under Robinhood Crypto, with plans to enhance cryptocurrency offerings for Canadian users.
ihodl.com is an illustrated edition about cryptocurrencies and financial markets.
Every day we publish the best materials for everyone interested in economy.
Did you spot a mistake? Select it and press: Ctrl + Enter
Content rights belong to their respective owners.
This site may display materials that are under copyright 2025 of Reuters. All rights reserved.
Robinhood to Buy Canadian Crypto Trading Platform WonderFi – ihodl.com
