Robinhood is set to acquire Canadian crypto firm WonderFi for $179 million in cash, joining a growing wave of crypto M&A as it deepens its global reach.
Brokerage fintech Robinhood is set to acquire WonderFi, a Canadian crypto firm, for approximately 250 million Canadian dollars ($179 million) in an all-cash deal to expand its global presence.
The acquisition is expected to close in the second half of 2025, Robinhood said in a May 13 press release.
WonderFi operates two of Canada’s longest-standing regulated crypto trading platforms, Bitbuy and Coinsquare, managing over 2.1 billion Canadian dollars in assets under custody. These platforms offer crypto trading, staking and custody services.
