Robinhood Enters Canada by Taking Over Crypto Exchange WonderFi for $179M

Description

Robinhood is entering the Canadian market by acquiring WonderFi for $179 million, gaining control of top local crypto platforms Bitbuy and Coinsquare to boost its international crypto expansion.

Authors

Omkar Godbole

Publish date

May 13, 2025

Publisher

CoinDesk

Web URL

https://www.coindesk.com/business/2025/05/13/robinhood-to-acquire-canadian-crypto-firm-wonderfi-for-usd179m

Referenced by

Robinhood to acquire Canada's WonderFi

Crypto news

News story

WonderFi's platforms, Bitbuy and Coinsquare, bolster Robinhood's international expansion efforts in the crypto market.

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Quote

Robinhood Markets (HOOD), the California-based financial services company, said Tuesday it agreed to buy Canadian crypto firm WonderFi (WNDR) for $178.98 million.

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