Robinhood to acquire Canada’s WonderFi for $179M in global crypto push

Description

Robinhood to acquire Canadian crypto firm WonderFi for $179 million in cash, strengthening its global crypto presence and expanding into Canada’s regulated trading market.

Authors

Amin Haqshanas

Publish date

May 13, 2025

Publisher

Cointelegraph

Web URL

https://cointelegraph.com/news/robinhood-to-acquire-wonderfi-179m-global-expansion

Referenced by

Robinhood to acquire Canada's WonderFi

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Under the terms of the deal, Robinhood will acquire all outstanding WonderFi shares at 0.36 Canadian dollars per share — a 41% premium over WonderFi’s last closing price on the Toronto Stock Exchange and a 71% premium over its 30-day volume-weighted average price.

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Notably, WonderFi saw strong performance in 2024, processing 3.57 billion Canadian dollars in trading volume, a 28% increase from the previous year.

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