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Robinhood Makes Power Play: Snags Kevin O’Leary-Backed WonderFi for $179M
Robinhood Makes Power Play: Snags Kevin O’Leary-Backed WonderFi for $179M
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Robinhood just placed a big bet on crypto’s future—and it’s paying in cold, hard cash. The trading app is acquiring WonderFi, a Kevin O’Leary-backed crypto platform, in a $179 million deal that screams ’bullish.’
Why it matters: This isn’t just another corporate acquisition. It’s a strategic land grab in the wild west of decentralized finance. Robinhood’s move signals it’s done dabbling—it’s all-in on crypto.
The cynical take: Because nothing says ’trust us with your money’ like a Shark Tank star’s endorsement and a nine-figure price tag. But hey, at least it’s not another NFT project.
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