$BTC Robinhood has acquired WonderFi, a top Canadian crypto trading platform, for C$250M ($179M) in an all-cash deal.
The acquisition, offering a 41% premium on WonderFi’s recent share price, integrates Bitbuy and Coinsquare, managing over C$2.1B in assets, into Robinhood Crypto.
This move expands Robinhood’s footprint in Canada’s growing crypto market, with WonderFi’s 115-person team joining Robinhood’s 140+ Canadian employees. The deal, set to close in late 2025 pending approvals, aligns with Robinhood’s global crypto expansion strategy.