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

Robinhood Markets, Inc. has agreed to acquire WonderFi Technologies Inc., a Canadian company that operates two regulated crypto trading platforms. The deal is valued at approximately C$250 million.

WonderFi runs Bitbuy and Coinsquare, platforms that together hold more than C$2.1 billion in assets under custody. The company is known for offering services such as crypto trading, staking, and custody.

Robinhood Offers Premium for WonderFi Acquisition

“WonderFi and Robinhood are united in our visions of making crypto accessible and bringing more people into the crypto space,” said WonderFi President and CEO Dean Skurka. “We’re delighted to be joining the Robinhood team and to super-charge our product offerings for customers.”

Robinhood said the acquisition supports its strategy to expand its crypto business internationally. The company already provides crypto services in some European countries. It entered Canada in 2024 by opening a technology office in Toronto.

Under the agreement, Robinhood will pay C$0.36 per share in cash 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% premium over the 30-day volume-weighted average price.

You may find it interesting at FinanceMagnates.com: Robinhood Plans to Bridge Atlantic Gap with Securities Tokenization.

Robinhood has signed an agreement to acquire @WonderFi, a Canadian leader in crypto products. We’re excited to partner with WonderFi to accelerate Robinhood’s mission in Canada. More details: https://t.co/B2ygTDYOPw pic.twitter.com/9u1c0vJeWV

Deal Expected to Close 2025

WonderFi will continue to operate its existing platforms after the deal closes. Its leadership team will join Robinhood Crypto. More than 140 Robinhood employees are already based in Canada.

The acquisition is expected to close in the second half of 2025. It is subject to regulatory and court approvals, as well as a vote by WonderFi’s shareholders. Robinhood plans to fund the transaction with its existing cash reserves.

“This transaction is the culmination of those efforts and the launchpad for Robinhood to democratize finance across Canada. The arrangement provides WonderFi shareholders with all-cash consideration at an attractive premium to our recent trading levels,” said Bobby Halpern, Executive Chairman of WonderFi.