🎙️🎙️Robinhood has announced its acquisition of the Canadian cryptocurrency company WonderFi for $179 million🚀. The deal is expected to be completed in the second half of 2025.

WonderFi operates two licensed cryptocurrency trading platforms in Canada: Bitbuy and Coinsquare, and the company recorded a trading volume exceeding CAD 3.57 billion in 2024🔥.

WonderFi also holds assets exceeding CAD 2.1 billion.

Robinhood aims to strengthen its presence in the Canadian market as the deal grants it a license as an investment dealer in Canada. 🇨🇦

The entire WonderFi team (115 employees) will join Robinhood in Canada, which already has more than 140 employees.