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Robinhood is acquiring Canada-based WonderFi in an all-cash deal worth around $179 million.
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The offer represents a 71% premium to WonderFi’s 30-day average share price.
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WonderFi’s leadership and platforms will continue operating under Robinhood Crypto.
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The acquisition follows Robinhood’s recent international push with its Bitstamp deal.
Expanding Into the Canadian Crypto Market
Robinhood has announced plans to acquire WonderFi Technologies, a Canadian crypto trading company, in a C$250 million (US$179 million) all-cash transaction. The move will give Robinhood a strong foothold in Canada’s regulated crypto market and expands its presence beyond the U.S.
Premium Deal and Platform Integration
WonderFi operates several regulated platforms in Canada, including Bitbuy, Coinsquare, and SmartPay, managing over C$2.1 billion in client assets. The acquisition values WonderFi shares at C$0.36—41% above the latest closing price and 71% above the 30-day average.
WonderFi’s executive team will remain in place and operate within Robinhood Crypto, with plans to grow the product lineup for Canadian users. The acquisition is expected to close in the second half of 2025, pending regulatory and shareholder approval.
Broader M&A Trend in Crypto Markets
This is Robinhood’s second major global acquisition after its $200 million purchase of Bitstamp in Europe. The move aligns with a broader trend in crypto M&A, which includes Coinbase’s $2.9 billion acquisition of Deribit and Kraken’s $1.5 billion deal for NinjaTrader.
