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Robinhood Expands to Canada with $179M WonderFi Deal
By: cryptosheadlines|2025/05/14 23:30:07
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com The U.S.-based brokerage platform has announced plans to acquire Canadian crypto firm WonderFi. The all-cash deal is worth $179 million (CAD 250 million).The acquisition is expected to close in the second half of 2025. It marks a major step in the mission of Robinhood to grow its global crypto presence.Tapping Into Canada’s Regulated Crypto MarketThe deal gives Robinhood immediate access to Canada’s regulated crypto market through WonderFi’s subsidiaries, Bitbuy and Coinsquare are two of the country’s most established digital asset platforms. They manage more than CAD 2.1 billion in assets under custody. It’s a sign of the times as crypto mergers and acquisitions (M&A) rise in a tightening market. Scale and compliance matter more than ever.Robinhood’s latest acquisition adds depth and reach to its crypto services. Bitbuy and Coinsquare, both operated by WonderFi, offer trading, staking, and custody for a wide range of digital assets. These platforms have carved out a strong presence in Canada by operating under full regulatory oversight. This is a crucial asset as global crypto rules take shape.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— Robinhood (@RobinhoodApp) May 13, 2025“This isn’t just about buying market share,” said Johann Kerbrat, GM of Robinhood Crypto. “WonderFi’s platforms are trusted by both beginner and advanced users, which makes them the right fit as we scale in Canada.”Under the agreement, WonderFi shareholders will receive CAD 0.36 per share, a 41% premium over its last closing price and a 71% premium over its 30-day average. For Robinhood, it’s a calculated bet to cement its place in international markets while legacy exchanges like Binance face mounting regulatory challenges in countries like Canada and the U.S.More About WonderFiWonderFi’s Executive Chairman, Bobby Halpern, expressed pride in the company’s journey, stating that the acquisition is the culmination of years of hard work and the launchpad for Robinhood to expand its influence in Canada. He also highlighted the premium offered to WonderFi shareholders as an attractive benefit.We’re joining @RobinhoodApp to continue our mission of building accessible, transparent, and secure financial tools for the next generation of investors.Together with Robinhood, we’ll keep building innovative products that make crypto accessible, so we can bring more people... pic.twitter.com/egkNmFoSQO— WonderFi (@WonderFi) May 13, 2025Johann Kerbrat, SVP and GM of Robinhood Crypto, praised WonderFi’s family of brands for serving both beginner and advanced crypto users, making the firm a strong partner to help Robinhood accelerate its mission in Canada. Both executives emphasized their excitement about delivering innovative, user-friendly crypto products to Canadian customers.DisclaimerThe information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.The post Robinhood Expands to Canada with $179M WonderFi Deal appeared first on Altcoin Buzz.Source link
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