Brokerage fintech Robinhood is about to accumulate WonderFi, a Canadian crypto agency, for roughly 250 million Canadian {dollars} ($179 million) in an all-cash deal to increase its international presence.
The acquisition is predicted to shut within the second half of 2025, Robinhood stated in a Might 13 press launch.
WonderFi operates two of Canada’s longest-standing regulated crypto buying and selling platforms, Bitbuy and Coinsquare, managing over 2.1 billion Canadian {dollars} in belongings beneath custody. These platforms supply crypto buying and selling, staking and custody companies.
“WonderFi has constructed a formidable household of manufacturers serving newbie and superior crypto customers alike, making them a perfect accomplice to speed up Robinhood’s mission in Canada,” stated Johann Kerbrat, senior vp and common supervisor of Robinhood Crypto.
Below the phrases of the deal, Robinhood will purchase all excellent WonderFi shares at 0.36 Canadian {dollars} per share — a 41% premium over WonderFi’s final closing worth on the Toronto Inventory Trade and a 71% premium over its 30-day volume-weighted common worth.
Earlier than the deal, WonderFi’s market cap was 163.9 million Canadian {dollars}, and its inventory was down 13.6% year-to-date on the Toronto Inventory Trade.
The deal stays topic to customary closing situations, together with regulatory and courtroom approvals, in addition to approval by WonderFi’s shareholders.
Associated: Robinhood beats Q1 estimates regardless of income, crypto buying and selling dip
Crypto M&A frenzy picks up
Robinhood’s $179 million acquisition of WonderFi is a part of a broader wave of crypto business mergers and acquisitions (M&As) in 2025, spurred by friendlier US laws beneath President Donald Trump.
Main offers this yr embrace Coinbase’s $2.9 billion buy of Deribit and Ripple’s $1.25 billion acquisition of Hidden Highway.
Moreover, on Might 2, Kraken accomplished its acquisition of the futures buying and selling platform NinjaTrader, a transfer that will increase the alternate’s buyer base and allow it to supply crypto futures and derivatives within the US.
Robinhood has additionally been on a shopping for spree. In 2024, the brokerage agency acquired Bitstamp cryptocurrency alternate in a $200 million deal, enabling the app to serve institutional purchasers in the US.
On Might 7, it was additionally reported that Robinhood is growing a blockchain community enabling European retail buyers to commerce US securities.
Notably, WonderFi noticed sturdy efficiency in 2024, processing 3.57 Canadian {dollars} billion in buying and selling quantity, a 28% improve from the earlier yr.
Journal: Bitcoin eyes ‘loopy numbers,’ JD Vance set for Bitcoin speak: Hodler’s Digest, Might 4 – 10
