Robinhood acquires Canadian broker WonderFi
Robinhood to acquire WonderFi in C$250M all-cash deal.
Robinhood (HOOD.O) has announced plans to acquire Canadian crypto platform WonderFi (WNDR.TO) in an all-cash deal valued at C$250 million ($179 million), as the U.S. brokerage expands its international presence and deepens its commitment to digital assets.
The deal offers a 41% premium to WonderFi’s prior share price, valuing the company at 36 Canadian cents per share, reports Reuters.
It’s Robinhood’s latest strategic acquisition following its 2023 purchase of Bitstamp for $200 million, reinforcing its evolution from a stock-trading app to a comprehensive financial services platform.
Robinhood doubles down on crypto strategy
WonderFi, whose brands include Canadian exchanges Bitbuy and Coinsquare, processed over C$3.57 billion in trading volume during fiscal 2024—up 28% year-over-year. The acquisition brings a strong local team and user base under Robinhood’s umbrella, boosting its Canadian workforce beyond 140 employees.
“WonderFi’s focus on both beginner and advanced users makes it an ideal partner,” said Johann Kerbrat, SVP and GM of Robinhood Crypto. WonderFi staff will join Robinhood as part of the integration.
The acquisition comes as crypto trading regains momentum under U.S. President Donald Trump’s administration. A wave of M&A deals is reshaping the industry in 2025, including Coinbase’s $2.9 billion takeover of Deribit and Ripple’s $1.25 billion purchase of Hidden Road.
Crypto growth contrasts equity market softness
Bitcoin and other digital assets have seen a strong rebound this year amid rising investor interest, even as traditional markets falter. The S&P 500 is down 0.6% year-to-date, while Bitcoin has rallied despite macroeconomic uncertainty and trade friction.
WonderFi shares have declined 13.6% in 2025, giving the firm a C$163.9 million market cap before the deal. Robinhood’s offer reflects confidence in both the firm’s future and broader crypto sector growth.
Recently we wrote that Robinhood Markets, the popular online trading platform, is reportedly working on a blockchain-based platform that would grant retail investors in the European Union access to U.S.-listed stocks.
