Expansion Strategy
Robinhood is set to acquire WonderFi, a Canadian cryptocurrency platform, for CA$250 million (approximately $178.56 million), aiming to bolster its presence in Canada's digital asset market.
This acquisition follows Robinhood's purchase of European exchange for $200 million, reinforcing its global expansion and diversification into crypto beyond its stock-trading origins.
Deal Details and Industry Context
WonderFi, known for its regulated platforms Bitbuy and , will continue operating post-acquisition, with its leadership team remaining intact. The deal values WonderFi at CA$0.36 per share, a 41% premium.
The crypto industry sees a resurgence under favorable U.S. policies, with notable acquisitions in 2025. Robinhood's move is part of a broader trend of consolidation and growth in the crypto sector.