Brokerage fintech Robinhood is set to acquire WonderFi, a Canadian crypto firm, for approximately 250 million Canadian dollars ($179 million) in an all-cash deal to expand its global presence.
The acquisition is expected to close in the second half of 2025, Robinhood said in a May 13 press release.
WonderFi operates two of Canada’s longest-standing regulated crypto trading platforms, Bitbuy and Coinsquare, managing over 2.1 billion Canadian dollars in assets under custody. These platforms offer crypto trading, staking and custody services.
“WonderFi has built a formidable family of brands serving beginner and advanced crypto users alike, making them an ideal partner to accelerate Robinhood’s mission in Canada,” said Johann Kerbrat, senior vice president and general manager of Robinhood Crypto.
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