Robinhood to Acquire Canada’s WonderFi for C$250 Million in All-Cash Deal

Robinhood Markets, Inc. has agreed to acquire WonderFiTechnologies Inc., a Canadian company that operates two regulated cryptotrading platforms. The deal is valued at approximately C$250 million. WonderFi runs Bitbuy and Coinsquare, platforms that togetherhold more than C$2.1 billion in assets under custody. The company is known foroffering services such as crypto trading, staking Staking Staking is defined as the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. In particular, staking represents a bid to secure a volume of crypto to receive rewards. In most case however, this process relies on users participating in blockchain-related activities via a personal crypto wallet.The concept of staking is also closely tied to the Proof-of-Stake (PoS). PoS is a type of consensus algorithm in which a blockchain network aims to achieve Staking is defined as the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. In particular, staking represents a bid to secure a volume of crypto to receive rewards. In most case however, this process relies on users participating in blockchain-related activities via a personal crypto wallet.The concept of staking is also closely tied to the Proof-of-Stake (PoS). PoS is a type of consensus algorithm in which a blockchain network aims to achieve Read this Term , and custody. Robinhood Offers Premium for WonderFi Acquisition “WonderFi and Robinhood are united in our visions of makingcrypto accessible and bringing more people into the crypto space,” saidWonderFi President and CEO Dean Skurka. “We’re delighted to be joining theRobinhood team and to super-charge our product offerings for customers.” Robinhood said the acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term supports its strategy toexpand its crypto business internationally. The company already provides cryptoservices in some European countries. It entered Canada in 2024 by opening atechnology office in Toronto. Under the agreement, Robinhood will pay C$0.36 per share incash to acquire all outstanding shares of WonderFi. This represents a 41%premium over WonderFi’s closing share price on May 12, 2025, and a 71% premiumover the 30-day volume-weighted average price. You may find it interesting at FinanceMagnates.com: RobinhoodPlans to Bridge Atlantic Gap with Securities Tokenization . Deal Expected to Close 2025 WonderFi will continue to operate its existing platformsafter the deal closes. Its leadership team will join Robinhood Crypto. Morethan 140 Robinhood employees are already based in Canada. The acquisition is expected to close in the second half of2025. It is subject to regulatory and court approvals, as well as a vote byWonderFi’s shareholders. Robinhood plans to fund the transaction with itsexisting cash reserves. “This transaction is the culmination of those efforts andthe launchpad for Robinhood to democratize finance across Canada. Thearrangement provides WonderFi shareholders with all-cash consideration at anattractive premium to our recent trading levels,” said Bobby Halpern, ExecutiveChairman of WonderFi. Robinhood Markets, Inc. has agreed to acquire WonderFiTechnologies Inc., a Canadian company that operates two regulated cryptotrading platforms. The deal is valued at approximately C$250 million. WonderFi runs Bitbuy and Coinsquare, platforms that togetherhold more than C$2.1 billion in assets under custody. The company is known foroffering services such as crypto trading, staking Staking Staking is defined as the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. In particular, staking represents a bid to secure a volume of crypto to receive rewards. In most case however, this process relies on users participating in blockchain-related activities via a personal crypto wallet.The concept of staking is also closely tied to the Proof-of-Stake (PoS). PoS is a type of consensus algorithm in which a blockchain network aims to achieve Staking is defined as the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. In particular, staking represents a bid to secure a volume of crypto to receive rewards. In most case however, this process relies on users participating in blockchain-related activities via a personal crypto wallet.The concept of staking is also closely tied to the Proof-of-Stake (PoS). PoS is a type of consensus algorithm in which a blockchain network aims to achieve Read this Term , and custody. Robinhood Offers Premium for WonderFi Acquisition “WonderFi and Robinhood are united in our visions of makingcrypto accessible and bringing more people into the crypto space,” saidWonderFi President and CEO Dean Skurka. “We’re delighted to be joining theRobinhood team and to super-charge our product offerings for customers.” Robinhood said the acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term supports its strategy toexpand its crypto business internationally. The company already provides cryptoservices in some European countries. It entered Canada in 2024 by opening atechnology office in Toronto. Under the agreement, Robinhood will pay C$0.36 per share incash to acquire all outstanding shares of WonderFi. This represents a 41%premium over WonderFi’s closing share price on May 12, 2025, and a 71% premiumover the 30-day volume-weighted average price. You may find it interesting at FinanceMagnates.com: RobinhoodPlans to Bridge Atlantic Gap with Securities Tokenization . Deal Expected to Close 2025 WonderFi will continue to operate its existing platformsafter the deal closes. Its leadership team will join Robinhood Crypto. Morethan 140 Robinhood employees are already based in Canada. The acquisition is expected to close in the second half of2025. It is subject to regulatory and court approvals, as well as a vote byWonderFi’s shareholders. Robinhood plans to fund the transaction with itsexisting cash reserves. “This transaction is the culmination of those efforts andthe launchpad for Robinhood to democratize finance across Canada. Thearrangement provides WonderFi shareholders with all-cash consideration at anattractive premium to our recent trading levels,” said Bobby Halpern, ExecutiveChairman of WonderFi.