Robinhood Acquires WonderFi in $250M Canadian Market Expansion – Coincu

Robinhood Markets, Inc. announced today it will acquire Canadian crypto platform WonderFi Technologies for approximately 250 million Canadian dollars, closing in the second half of 2025. This acquisition marks a significant move in Robinhood’s expansion in the Canadian market and cryptocurrency space.

The agreement, set to complete by late 2025, offers WonderFi shareholders 0.36 Canadian dollars per share, a 41% premium over the May 12 closing price. This alignment will incorporate WonderFi’s team into Robinhood Crypto, boosting its Canadian market presence.

Robinhood Acquisition Sparks North American Crypto Consolidation

The financial expansion strategy aims to leverage WonderFi’s established platforms like Bitbuy and Coinsquare, which hold over C$2.1 billion in assets. This move supports Robinhood’s vision of creating a more robust, global financial ecosystem.

Market observers responded positively to the deal, viewing it as a step forward in consolidating the North American crypto market. Johann Kerbrat from Robinhood Crypto highlighted the potential to deliver new crypto offerings to Canadian consumers. This sentiment underscores industry anticipation of growth within Canada.

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, SVP and GM of Robinhood Crypto, Robinhood Markets, Inc.

Market Data and Future Outlook

Did you know? WonderFi’s integration with Robinhood marks one of the largest crypto platform acquisitions within Canada, setting a precedent for future market cooperation in regions with strong regulatory frameworks.

XRP, according to CoinMarketCap, is trading at $2.55, with a market cap of formatNumber(149370122266, 2). The cryptocurrency has a market dominance of 4.50%, and its 24-hour trading volume sees a significant 125.33% increase to $10.65 billion.

The Coincu research team speculates that regulatory scrutiny in the crypto sector could influence future market behavior. These changes may stimulate the adoption of crypto trading platforms throughout Canada and beyond.