Robinhood to acquire Canada’s WonderFi for $179M in global crypto push
Robinhood will acquire Canadian crypto firm WonderFi for approximately 250 million Canadian dollars ($179 million) in an all-cash deal, aiming to enhance its global presence. The acquisition is expected to finalize in the second half of 2025. WonderFi operates regulated crypto trading platforms Bitbuy and Coinsquare, managing over 2.1 billion Canadian dollars in assets. Robinhood will purchase all outstanding WonderFi shares at 0.36 Canadian dollars per share, reflecting a 41% premium over the last closing price. The deal is subject to regulatory approvals and shareholder consent. This acquisition is part of a broader trend of crypto industry mergers in 2025, influenced by favorable US regulations. Robinhood has previously acquired Bitstamp for $200 million and is developing a blockchain network for European retail investors. WonderFi processed 3.57 billion Canadian dollars in trading volume in 2024, marking a 28% increase from the previous year.
