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Robinhood to Acquire Canadian Crypto Firm WonderFi for $179M
Robinhood to Acquire Canadian Crypto Firm WonderFi for $179M
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Robinhood Markets has agreed to acquire Canadian cryptocurrency firm WonderFi in an all-cash deal valued at $178.98 million. The transaction represents a 41% premium over WonderFi’s closing price prior to the announcement, underscoring Robinhood’s aggressive expansion into international crypto markets.
The acquisition aligns with Robinhood’s strategy to broaden its crypto offerings, following its recent deal to buy Bitstamp. WonderFi’s established presence in Canada positions Robinhood to capture market share among both retail and institutional crypto users in the region.
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