• Robinhood has agreed to amass Wonderfi for USD 179 million and marked its entry into Canada.
• The acquisition settlement focuses on Wonderfi at a premium of $0.36 per share, at 41%.
• The transaction consists of the acquisition of BitBuy and Coinsquare platforms.

Robinhood Markets has agreed to amass Vancouver-based Wonderfi Applied sciences in an all-cash transaction price USD 179 million and has introduced it’ll mark an official entry into the Canadian cryptocurrency marketplace for retail brokerage.

Underneath the phrases of the settlement, Wonderfi shareholders obtain $0.36 per share, representing a 41% premium over the corporate’s closing worth earlier than the announcement in a transaction that values ​​Canadian firms at roughly $250 million.

Buyers responded aggressively to the information, buying and selling round $61 on Wednesday, up 6.4% on Robinhood’s shares, however Toronto Inventory Alternate’s Wonderfee inventory rose 34% to 0.24 instances, highlighting the market’s enthusiasm for cross-border crypto integration.

Veteran investor Kevin O’Leary, a well known backer of Wonderfi and Shark Tank Persona, praised the acquisition as proof of Wonderfi’s “Picks and Shovels” method, specializing in sturdy infrastructure, relatively than speculative token bets.

In a current interview, O’Leary mentioned that the surge in stubcoins and real-time settlement capabilities will play a extra essential position within the adoption of mainstream cryptocurrency than volatility-driven worth rallies.

Robinhood enters the Canadian market

Robinhood’s growth to Canada by way of Wonderfi enhances the corporate’s mission to democratize funds for all, leveraging a market the place retail crypto adoption continues to speed up with rising mainstream curiosity.

The acquisition brings two of Canada’s most well-known crypto buying and selling platforms, Bitview and Coinsquare, below two of the Robinhood umbrellas.

By integrating Wonderfi’s infrastructure and experience, Robinhood instantly accessed markets with greater than $3.57 billion in buying and selling volumes on Wonderfi’s platform in 2024, reflecting a rise in exercise of 28% year-on-year.

In the present day, greater than 140 specialists specializing in buyer assist and regulatory compliance, all of Wonderfi’s present workers can be migrating to Robinhood to reinforce the flexibility of US firms to navigate Canada’s totally different monetary surveillance surroundings.

Particularly, the acquisition follows the announcement of Robinhood earlier this 12 months, and additional highlights the corporate’s international ambitions by signing the acquisition of Luxembourg-based Crypto Alternate within the first half of 2025.

Robinhood has developed past fee-free shares

The transfer highlights Robinhood’s broader technique to evolve past its origins as a commission-free inventory buying and selling app by fostering a extra various, borderless monetary providers ecosystem centered round digital property.

Robinhood CEO Vlad Tenev highlights the Wonderfi acquisition represents a “important first step” in establishing the corporate’s Canadian presence, noting that the regional regulatory framework and investor adoption charge positions it as a pure complement to Robinhood’s present market.

Mizuho analysts predicted that the success of the Canadian launch may in the end contribute to annual revenues of as much as $250 million, assuming that Robinhood may leverage Wonderfi’s native model consciousness and operational footprint.

Launched days earlier than the Wonderfi transaction, Robinhood’s first quarter 2025 income report unveiled a 50% surge in income to $927 million.

The corporate’s internet revenue for the quarter displays a 114% improve from the earlier 12 months, inserting Robinhood among the many most worthwhile US fintech platforms within the business tackling regulatory uncertainty.

Operating easily, this acquisition serves as a blueprint for Robinhood’s future foray into different regulated markets, leveraging playbooks that purchase crypto providers which are established and regionally compliant, relatively than from scratch.