Robinhood targets Canada for crypto: acquisition of WonderFi

The fintech broker Robinhood has announced the intention to acquire WonderFi, a Canadian company active in the crypto sector, for a value of 179 million dollars (approximately 250 million Canadian dollars) in an all-cash deal.

The operation, which is expected to be completed in the second half of 2025, represents a significant step in the strategy of espansione internazionale of the American platform, which aims to strengthen its presence in the global cryptocurrency market.

According to what was stated by Johann Kerbrat, senior vice president and general manager of Robinhood Crypto: 

“WonderFi has built a formidable family of brands that serve both beginner and advanced cryptocurrency users, making them an ideal partner to accelerate Robinhood’s mission in Canada.”

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WonderFi: a key player in the Canadian crypto market and the idea of Robinhood

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Founded in Canada, WonderFi is one of the most established entities in the country’s crypto landscape. The company operates two of the longest-standing regulated cryptocurrency trading platforms in Canada: Bitbuy and Coinsquare. 

These platforms offer trading, staking, and custody of cryptocurrencies, and currently manage over 2.1 billion Canadian dollars in assets under custody.

During 2024, WonderFi recorded a remarkable performance, with a trading volume of 3.57 billion Canadian dollars, marking an increase of 28% compared to the previous year. 

This result further strengthens the strategic value of the acquisition for Robinhood, which will thus be able to rely on a solid and growing base in the North American market.

The agreement provides that Robinhood acquires all the outstanding shares of WonderFi at the price of 0.36 Canadian dollars per share. 

Thus offering a premium of 41% compared to the last closing price on the Toronto Stock Exchange and a premium of 71% compared to the 30-day volume-weighted average price. 

Before the announcement, WonderFi’s market capitalization was 163.9 million Canadian dollars, and its shares had experienced a decline of 13.6% since the beginning of the year.

The agreement remains subject to the usual closing conditions, including approval by the regulatory, judicial authorities, and the shareholders of WonderFi.

The acquisition of WonderFi fits into a context of increasing dynamism in the mergers and acquisitions (M&A) sector in the world of cryptocurrencies. 

The year 2025 saw an acceleration of these operations, favored by a more favorable regulatory climate in the United States under the presidency of Donald Trump. He showed a more open attitude towards financial innovation and blockchain technologies.

Robinhood accelerates on expansion

Among the main operations in the sector in 2025 are the purchase of Deribit by Coinbase for 2.9 billion dollars and the acquisition of Hidden Road by Ripple for 1.25 billion dollars. 

Kraken has also expanded its offerings by acquiring the futures trading platform NinjaTrader. This is with the aim of extending its clientele and offering crypto derivatives in the United States.

The operation with WonderFi is not an isolated case for Robinhood, which in 2024 has already acquired the European exchange Bitstamp for 200 million dollars. A step that allowed the platform to start serving institutional clients in the United States.

Furthermore, on May 7, news emerged that Robinhood is developing a network blockchain to allow European retail investors to trade US securities. A project that could revolutionize access to global financial markets.

These moves clearly indicate Robinhood’s intention to diversify and internationalize its offering, focusing on regulated markets and already established platforms to build a global ecosystem of digital financial services.

A growing future for the crypto sector

The acquisition of WonderFi represents a further sign of the maturation of the cryptocurrency sector, which is increasingly attracting the interest of institutional and global fintech players. 

In a context where regulation becomes clearer and more favorable, especially in the United States, companies in the sector are seeking to consolidate and strengthen their position through strategic operations.

Robinhood, with this move, positions itself as one of the protagonists of the new growth phase of cryptocurrencies. In particular, focusing on innovation, international expansion, and integration of services to respond to the growing demand for digital financial instruments.

With the acquisition of WonderFi, Robinhood takes a decisive step towards strengthening its presence in the global cryptocurrency market. 

The operation, which is part of a broader trend of consolidation in the sector, confirms the willingness of the American company to become a point of reference not only for traditional trading, but also for the crypto universe.

In an era in which digital finance is rapidly evolving, Robinhood demonstrates its desire to play a leading role. Thus focusing on strategic partnerships, cutting-edge technology, and a global market vision.