Brokerage Fintech Robinhood is set to obtain Wonderfi, a Canadian crypto company, for approximately 250 million Canadian dollars ($ 179 million) in an all-cash deal to expand its global existence.
Acquisition is expected to close in the second half of 2025, Robinhood Says on a release of May 13.
Wonderfi runs two of the longest-standing regulated platforms of Crypto, Bitbuy and Coinsquare, managing more than 2.1 billion Canadian dollars on property under caution. These platforms offer crypto trading services, staking and caution services.
“Wonderfi has built a terrible family of brands that serve beginner and advanced crypto users, making it a fine partner to speed up the Robinhood mission in Canada,” said Johann Kerbrat, senior vice president and general manager of Robinhood Crypto.
Under the terms of the deal, Robinhood will take all of Wonderfi’s remaining shares to Canadian’s 0.36 dollars per part-a 41% premium at the final price of Wonderfi closing at the Toronto Stock Exchange and a 71% premium within a 30-day volume weighted average price.
Before the deal, Wonderfi’s Market Cap Ay 163.9 million dollars of Canada, and its stock dropped 13.6% year-to-date with the Toronto Stock Exchange.
The deal remains subject to customary closure conditions, including approved regulation and court, as well as approved of Wonderfi shareholders.
Related: Robinhood Beats Q1 estimated despite the income, crypto trading dip
Crypto M&A is frenzy
Wonderfi’s $ 179 million Robinhood acquisition was part of a broader wave of integration with the crypto and acquisition industry (M&A) in 2025, stabbed by more friendly US regulations under President Donald Trump.
This year’s main deals are included The $ 2.9 Billion Coinbase purchase of deribit and Ripple’s $ 1.25 billion taking of the hidden road.
Moreover, on May 2, Kraken completed its acquisition of the Futures Trading Platform Ninjatrader, a step that will expand the customer’s base of exchange and enable it to offer futures and derivatives in the US.
Robinhood is also on a purchase. In 2024, the Broker’s firm was obtained Bitstamp cryptocurrency exchange to a $ 200 million Deals, enabling the app to deliver institutional clients to the United States.
On May 7, it was also reported that Robinhood was Developing a blockchain network Enabling European investors to exchange US security.
Notably, Wonderfi Saw Strong performance in 2024, processing 3.57 Canadian dollar billion in trading volume, an increase of 28% from last year.
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