Robinhood to Acquire Canada’s WonderFi for C$250 | Crypto Work Pro
Robinhood Markets, Inc. has agreed to purchase WonderFi
Technologies Inc., a Canadian company that operates two regulated crypto
trading platforms. The deal is valued at roughly C$250 million.
WonderFi runs Bitbuy and Coinsquare, platforms that collectively
maintain more than C$2.1 billion in belongings beneath custody. The company is thought for
offering providers resembling crypto trading, staking, and custody.
Robinhood Offers Premium for WonderFi Acquisition
“WonderFi and Robinhood are united in our visions of making
crypto accessible and bringing more people into the crypto space,” mentioned
WonderFi President and CEO Dean Skurka. “We’re delighted to be becoming a member of the
Robinhood workforce and to super-charge our product choices for prospects.”
Robinhood mentioned the acquisition helps its strategy to
broaden its crypto business internationally. The company already gives crypto
providers in some European nations. It entered Canada in 2024 by opening a
technology workplace in Toronto.
Under the settlement, Robinhood pays C$0.36 per share in
money to purchase all excellent shares of WonderFi. This represents a 41%
premium over WonderFi’s closing share price on May 12, 2025, and a 71% premium
over the 30-day volume-weighted average price.
You could discover it fascinating at FinanceMagnates.com: Robinhood
Plans to Bridge Atlantic Gap with Securities Tokenization.
Robinhood has signed an settlement to purchase @WonderFi, a Canadian chief in crypto merchandise. We’re excited to accomplice with WonderFi to speed up Robinhood’s mission in Canada. More particulars: https://t.co/B2ygTDYOPw pic.twitter.com/9u1c0vJeWV
— Robinhood (@RobinhoodApp) May 13, 2025
Deal Expected to Close 2025
WonderFi will proceed to operate its current platforms
after the deal closes. Its management workforce will be a part of Robinhood Crypto. More
than 140 Robinhood workers are already based mostly in Canada.
The acquisition is predicted to close within the second half of
2025. It is subject to regulatory and court docket approvals, in addition to a vote by
WonderFi’s shareholders. Robinhood plans to fund the transaction with its
current money reserves.
“This transaction is the fruits of these efforts and
the launchpad for Robinhood to democratize finance throughout Canada. The
association gives WonderFi shareholders with all-cash consideration at an
engaging premium to our latest trading ranges,” mentioned Bobby Halpern, Executive
Chairman of WonderFi.
This article was written by Tareq Sikder at www.financemagnates.com.
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