TechFlow news, May 13 — According to an official announcement, Robinhood Markets, Inc. today announced an agreement to acquire WonderFi, Canada's leading digital asset services provider, in an all-cash transaction. The purchase price is 0.36 Canadian dollars per share, amounting to a total value of approximately 250 million Canadian dollars, representing a 41% premium over WonderFi’s closing price on May 12. WonderFi operates Bitbuy and Coinsquare, two of Canada’s longest-standing regulated crypto platforms, which together hold over 2.1 billion Canadian dollars in assets under custody.
Following the acquisition, WonderFi will continue operating its products, and its leadership team will join Robinhood Crypto. The transaction is expected to close in the second half of 2025, subject to regulatory approvals and shareholder approval by WonderFi.
