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Robinhood Acquires WonderFi in $250M CAD Deal to Expand Crypto Footprint
Robinhood Acquires WonderFi in $250M CAD Deal to Expand Crypto Footprint
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Robinhood Markets makes a strategic leap into international crypto markets with its acquisition of Canada’s WonderFi for $250 million CAD. The all-cash transaction offers WonderFi shareholders a 41% premium over the May 12 closing price, signaling aggressive expansion ambitions.
The deal positions Robinhood to dominate Canada’s crypto trading landscape while laying groundwork for broader global aspirations. No specific coins or exchanges are directly referenced in the announcement, but the MOVE underscores growing institutional interest in digital asset infrastructure.
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