Robinhood Seizes Canadian Crypto Market with WonderFi Acquisition

Robinhood has announced a definitive agreement to acquire Wonderfi Technologies Inc. for C $ 250 million in cash, marking a significant expansion in the regulated cryptocurrency sector of Canada. The agreement, scheduled to close in the second half of 2025, sacrifices a 41% premium to Wonderfi’s shareholders and will integrate the entire Wonderfi team in the Canadian Canadian operations of Robinhood Cryptos Canadians.

This acquisition gives Robinhood access to regulated cryptography trade platforms of Wonderfi, Bitbuy and Coinsquare, which collectively manage more than C $ 2.1 billion in customer assets. These platforms have experienced substantial growth, with a 110% increase in assets in custody since the late 2023.

The consolidation of Wonderfi by Bitbuy and Coinsquare under a single regulated investment dealership has positioned him as a dominant player in the Canada cryptography market. The company now serves 1.7 million registered users, offering services that include cryptographic trade, battery and payment processing through its Smartpay platform.

The acquisition is aligned with the Robinhood strategy to diversify its offers beyond the traditional trade trade. By integrating Wonderfi platforms, Robinhood aims to provide Canadian users with an integral set of financial services, including cryptography trade, stack and payments. This movement also reflects a broader trend of consolidation in the cryptographic industry, since companies seek to expand their global footprint and comply with evolving regulatory standards.

The Canadian cryptography market has become increasingly attractive to international companies, partly due to its strict regulatory environment. Wonderfi’s adhesion to Canadian regulations and their state as a fully regulated investment merchant make it a valuable asset for Robinhood’s international expansion. The acquisition is expected to improve Robinhood’s competitiveness in the global cryptography market, providing a robust platform for growth in Canada and power beyond.

This transaction is part of a series of Robinhood strategic movements to deepen ITT’s participation in the cryptocurrency space. The company previously acquired Crypto Exchange Bitstamp for $ 200 million, indicating its commitment to expand its cryptography offers.