Robinhood's Acquisition of WonderFi Technologies
Ahazz Adnan
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Posted May 20, 2025
Robinhood acquires WonderFi to expand into Canadian crypto market.
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May 13, 2025 - May 15, 2025
Blog slug: robinhood-wonderfi-acquisition
Meta Title: Robinhood’s WonderFi Acquisition: Start of a Cross-Border Crypto Empire?
Meta Description: The Robinhood WonderFi acquisition signals a bold expansion into Canada’s crypto space. Explore how this deal could reshape cross-border digital finance.
Robinhood’s WonderFi Acquisition: Start of a Cross-Border Crypto Empire?
Robinhood Markets Inc. (NASDAQ: HOOD) has become the talk of the town recently. Why? Because on May 13, 2025, the company announced a C$250 million all-cash deal to acquire WonderFi Technologies (TSX: WNDR).
It is one of Canada’s leading regulated crypto platforms which operates two major exchanges, Bitbuy and Coinsquare. These platforms collectively processed over C$3.57 billion in trading volume in 2024.
With this partnership, Robinhood will instantly gain access to a well-established user base and a firm grip on the Canadian crypto space.
Let’s discuss more about this Robinhood WonderFi acquisition and the entities involved in this.
Overview of the Robinhood WonderFi Acquisition
According to sources, Robinhood will be acquiring WonderFi Technologies for approximately C$250 million in an all-cash deal. What’s important here is to understand why Robinhood is suddenly making this move.
As the overall crypto market seems to be on a bullish momentum, Robinhood is jumping on the opportunity to expand its operations outside the United States. And the best place for it is the growing Canadian crypto market.
The deal offers WonderFi shareholders C$0.36 per share, which represents a 41% premium over its closing share price as of May 12, 2025. The transaction is expected to close in the second half of 2025, once it receives all required approvals.
Who Are the Key Players?
The Robinhood WonderFi acquisition involves two prominent players:
1. Robinhood
Robinhood is a U.S.-based financial services company which is mostly known for its commission-free trading platform.
It was founded in 2013 but became famous during the retail trading boom. The platform now offers access to stocks, ETFs, options and cryptocurrencies to new and experienced traders.
2. WonderFi
WonderFi Technologies, on the other hand, is a Canadian fintech company. It operates two of Canada’s leading regulated cryptocurrency trading platforms, Bitbuy and Coinsquare.
The former is a well-established exchange that offers services to beginner and advanced crypto traders, while the latter focuses on providing digital asset services, including staking and OTC trading.
What’s Included in the Robinhood WonderFi Acquisition Deal?
This arrangement agreement is a strategic entry by Robinhood into the Canadian crypto market. Here’s what’s included in this deal:
1. Shareholder Premium
As mentioned above, Robinhood is offering 41% to the shareholders. Additionally, this offer also reflects a 71% premium over the 30-day volume-weighted average price, which makes it an attractive exit opportunity for WonderFi investors.
2. Asset Acquisition
The Robinhood WonderFi acquisition deal includes both key assets under WonderFi, namely Bitbuy and Coinsquare. This will give Robinhood a huge active user base and significant transaction flow in Canada.
3. Team Integration
The WonderFi experienced team will be added to Roninhood’s Canadian operations. The company already has a workforce of over 140 employees in Canada and this acquisition is expected to strengthen that team and bring in the experts.
4. Regulatory Approvals
It isn’t a simple transaction, as it depends highly on the regulatory and shareholder approvals, including a court approval process. The deal is expected to close in the second half of 2025 if all the closing conditions are met.
5. Termination Clause
The agreement includes a C$10.7 million termination fee, payable by WonderFi under specific circumstances. This means if WonderFi fails to honor its agreement and deters at the last minute, they’ll have to pay this fee to Robinhood.
Official Statements From Founders
After the official news around the Robinhood WonderFi acquisition deal, here are the official statements from both founders.
Johann Kerbat, the Senior VC of Robinhood said that their partnership with WonderFi would help them accelerate their reach into Canada and serve the community with more advanced features and services.
On the other hand,
Dean Skurka, the CEO of WonderFi, commented that they have a combined vision to provide crypto services to more people in Canada and they are happy to be working with the Robinhood’s team.
Impact on the Canadian Crypto Market
Robinhood WonderFi acquisition deal is set to shake up the Canadian crypto market for the better. With its established reputation for commission-free trading, Robinhood could attract a wave of new retail investors in Canada.
This smart move will allow Robinhood to bypass lengthy regulatory approvals and will start providing services immediately.
Summing Up
Robinhood’s WonderFi acquisition is a calculated move to cement its position as a cross-border crypto powerhouse. By securing a strong foothold in Canada, Robinhood will gain instant access to a regulated crypto infrastructure and a growing user base.
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