Robinhood Acquires WonderFi for C$250 Million, Expands in Canada – Coincu

Robinhood Markets, Inc. has announced the acquisition of Canadian crypto platform WonderFi for a total valuation of approximately C$250 million. The deal is slated to close in the second half of 2025.

This acquisition underscores Robinhood’s strategic push into the Canadian market, leveraging WonderFi’s established crypto platforms to broaden its service offerings.

Robinhood’s C$250 Million Move into Canadian Crypto Market

Robinhood will acquire WonderFi for C$0.36 per share, representing a 41% premium over the May 12 closing price. WonderFi, a leader in digital asset services, will continue operations under Robinhood Crypto, integrating its expert team to accelerate Canadian expansion.

The acquisition will position Robinhood to benefit from Canada’s burgeoning crypto space. Combining WonderFi’s technologies with Robinhood’s resources aims to enhance crypto trading, staking, and custody offerings.

“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. We look forward to partnering with the WonderFi team to deliver innovative, user-centric crypto products to Canadian customers.”

Johann Kerbrat, Robinhood Crypto SVP, stated that WonderFi complements their mission in Canada. The acquisition also comes amid rising interest in crypto integration in broader markets.

Bitcoin’s Stability and Market Impact Post-Acquisition

Did you know? Robinhood’s acquisition aligns with its earlier announcement to launch a blockchain-based US stock trading platform in Europe, reflecting a robust global expansion strategy.

Bitcoin (BTC) holds a dominant market position with a price of $103,870 and a market cap of $2 trillion, according to CoinMarketCap. It exhibits notable stability with a 9.79% increase over the past week and a 22.42% rise in the last 30 days.

The Coincu research team suggests that Robinhood’s move enables increased participation in the evolving crypto economy. This acquisition situates Robinhood competitively amidst growing institutional interest and regulatory developments within global markets. Solana’s revenue remains a key indicator of market volatility alongside these changes.