Robinhood is acquiring the Canadian crypto platform WonderFi for approximately C$250 million, with the deal expected to close in the second half of 2025. This acquisition aims to expand Robinhood's services in Canada by leveraging WonderFi's established crypto platforms, thus enhancing its offerings in crypto trading, staking, and custody.
Robinhood will pay C$0.36 per share for WonderFi, a significant premium over recent prices. This move comes amid increasing interest in cryptocurrency and reflects Robinhood's global expansion strategy.
Overall, the acquisition positions Robinhood to capitalize on Canada's growing crypto market and aligns with wider trends in institutional interest and regulatory developments.
Full story here: https://coincu.com/337431-robinhood-acquires-wonderfi-canada