Robinhood To Acquire Canada’s WonderFi For $178M All-Cash Deal
Posted On May 13, 2025
Robinhood Markets, Inc. (NASDAQ:HOOD) has signed an agreement to acquire WonderFi Technologies Inc., a Canadian cryptocurrency platform, in an all-cash transaction valued at approximately $178 million.
What Happened: The purchase price of $0.26 per share represents a 41 percent premium over WonderFi’s closing price on May 12 and a 71 percent premium over its 30-day volume-weighted average price, according to a company statement.
WonderFi operates Bitbuy and Coinsquare, two regulated cryptocurrency exchanges in Canada, with a reported $1.49 billion in assets under custody.
The company will continue operating its platforms after the transaction closes.
The …
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