The American investment platform Robinhood has announced a deal to acquire WonderFi Technologies Inc for 250 million Canadian dollars (CAD), equivalent to nearly $179 million. The completion of the deal is scheduled for the second half of 2025, pending approval from regulators and shareholders.
This is reported by Бізнес • Медіа
WonderFi operates two of the oldest registered cryptocurrency exchanges in Canada – Bitbuy and Coinsquare, which manage assets totaling over 2.1 billion CAD (over $1.5 billion). The total deal amount includes a 41% premium to the closing price as of May 12, 2025, and a 71% premium to the average price over the last 30 days.
“WonderFi has built a strong ecosystem of brands for both novice and experienced crypto users, making it an ideal partner to accelerate our mission in Canada,” said Johann Kerbrat, Senior Vice President and CEO of Robinhood Crypto’s subsidiary.
According to the terms of the deal, the buyout price will be 0.36 CAD ($0.26) per share, and WonderFi shareholders will receive full cash compensation. Dean Skurka, President and CEO of WonderFi, stated: “WonderFi and Robinhood share a common vision – to make cryptocurrencies accessible and appealing to a wide range of users.”
WonderFi’s Executive Chairman Bobby Halpern emphasized that the deal represents “the culmination of efforts and a launching pad for Robinhood in Canada.” The company’s press release notes that Robinhood already has an infrastructure hub in Toronto with over 140 employees, and all WonderFi products will continue to operate after the deal. The WonderFi management team will also join Robinhood Crypto to support the local market.
It is also worth noting that Robinhood already offers crypto products in select EU countries, and in January of this year, the company announced a partnership with CME Group for futures trading.