Robinhood to Acquire WonderFi in $179M Deal
Hey FinTech Fanatic!
Robinhood announced its agreement to acquire WonderFi, a Canadian digital asset platform with deep regulatory roots and over C$2.1 billion in assets under custody.
The C$250 million (US$179 million) all-cash deal offers WonderFi shareholders a 41% premium to the last closing price and a 71% premium to the 30-day volume-weighted average. While the numbers tell one part of the story, the broader move reflects a continued trend toward consolidation as digital asset firms seek stability, scale, and local compliance.
With the acquisition, Robinhood will take on Bitbuy and Coinsquare, two of the longest-operating crypto platforms in Canada, and fold them into its expanding international presence. The WonderFi team will remain in place post-close, joining a Canadian base that now includes more than 140 Robinhood employees and an engineering hub in Toronto.
Johann Kerbrat of Robinhood Crypto said, “WonderFi has built a formidable family of brands serving beginner and advanced crypto users alike, making them an ideal partner to accelerate Robinhood’s mission in Canada.”
The deal now heads into regulatory and shareholder review. It comes at a time when the crypto industry is showing renewed momentum, with 2025 already seeing Coinbase agree to acquire Deribit for $2.9 billion and Ripple striking a $1.25 billion deal for prime broker Hidden Road.
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🇨🇦 Robinhood To Acquire WonderFi. This strategic move aims to expand Robinhood's presence in the Canadian crypto market and enhance its international offerings. WonderFi will continue to operate its products after the acquisition closes.
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