Kevin O’Leary Lauds Robinhood’s Acquisition Of WonderFi Will ‘Transform Cross-Border Trading:’ ‘No More Outrageous Bank Fees’
After Robinhood Markets Inc. (NASDAQ:HOOD) announced the acquisition of a Canadian cryptocurrency platform, WonderFi Technologies Inc. (OTC:WONDF), renowned entrepreneur and investor Kevin O’Leary expressed his excitement over the deal.
What Happened: O’Leary, who was one of the founding shareholders of WonderFi, said in an X post that he “couldn’t be more excited” by this announcement.
According to the company statement, the purchase price of $0.26 per share represents a 41% premium over WonderFi’s closing price on May 12 and a 71% premium over its 30-day volume-weighted average price.
O’Leary stated that this deal is going to transform cross-border trading. “We’re finally connecting crypto between Canada and the U.S. right before stablecoin regulations hit. FX trading is about to get a major upgrade,” he said.
He also added that the deal will lead to “No more outrageous bank fees. You’ll be able to move money between your Canadian and …
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