Saturday, June 7, 2025
  • Business
  • Investing
  • World-news
  • Stock
No Result
View All Result
Finance Mastery News
Advertisement
  • Business
  • Investing
  • World-news
  • Stock
No Result
View All Result
Finance Mastery News
No Result
View All Result
Home Investing

Robinhood, WonderFi Deal Marks Bold C$250 Million Bet on Canada’s Crypto Future

admin by admin
May 14, 2025
in Investing
0
Robinhood, WonderFi Deal Marks Bold C$250 Million Bet on Canada’s Crypto Future
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Just in time for Canada Crypto Week, Robinhood Markets (NASDAQ:HOOD) has announced a definitive agreement to acquire Canadian digital asset firm WonderFi Technologies (TSX:WNDR,OTCQB:WONDF) for approximately C$250 million (US$179 million) in an all-cash transaction.

The deal, which amounts to a 41percent premium over WonderFi’s Monday (May 12) closing price, is expected to be finalized in the second half of 2025, pending regulatory and shareholder approvals.

The acquisition marks a significant expansion of Robinhood’s international footprint. WonderFi operates two of Canada’s longest-standing regulated crypto platforms, Bitbuy and Coinsquare, managing over C$2.1 billion in assets.

The integration of these platforms will enhance Robinhood’s crypto offerings, aligning with its mission to democratize finance globally. WonderFi’s leadership and employees will join the Robinhood Crypto team, contributing their expertise in delivering a wide range of digital asset products to Canadian customers.

“Through a long and focused effort, WonderFi successfully built one of Canada’s largest registered Crypto-Trading platforms,” said Bobby Halpern, executive chairman of WonderFi. “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.”

Robinhood, best known for its work “democratizing access to investing” in the US, has been expanding its global reach with a growing crypto footprint in Europe and now Canada. Backed by strong cash reserves, the company said in Tuesday’s (May 13) release that it will fully fund its acquisition of WonderFi using cash on hand.

The decision to acquire WonderFi builds upon Robinhood’s establishment of its Canadian headquarters in Toronto in 2024, a move that was aimed at leveraging the country’s deep pool of tech talent.

“WonderFi has built a formidable family of brands serving beginner and advanced crypto users alike, making them an ideal partner to accelerate Robinhood’s mission in Canada,’ said Johann Kerbrat, senior vice president and general manager of Robinhood Crypto, adding that Robinhood looks forward to working with WonderFi in Canada.

The deal is part of a broader trend of consolidation in the crypto industry, with major players like Coinbase Global (NASDAQ:COIN) and Ripple also making significant acquisitions in 2025.

Robinhood’s strategic expansion into Canada through WonderFi positions the company to better serve growing demand for accessible and regulated crypto trading platforms in the region.

Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Previous Post

Microbial Mining? Endolith Makes Copper Recovery Breakthrough with Bioleaching Tech

Next Post

Bullish Breadth Improvement Suggests Further Upside For Stocks

admin

admin

Next Post
Bullish Breadth Improvement Suggests Further Upside For Stocks

Bullish Breadth Improvement Suggests Further Upside For Stocks

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    • Trending
    • Comments
    • Latest
    Criminals are looting millions from ATMs in Europe. Here’s why Germany is a prime target

    Criminals are looting millions from ATMs in Europe. Here’s why Germany is a prime target

    October 28, 2024
    Israeli MP behind bill to expel key UN agency accuses US of interfering with process

    Israeli MP behind bill to expel key UN agency accuses US of interfering with process

    October 28, 2024
    British nurse Lucy Letby loses bid to appeal single attempted murder conviction

    British nurse Lucy Letby loses bid to appeal single attempted murder conviction

    October 25, 2024
    North Korean troops spotted in Russian border region with Ukraine, says Kyiv

    North Korean troops spotted in Russian border region with Ukraine, says Kyiv

    October 25, 2024
    Trump-Xi call restores trade truce. But the supply chain war has no end in sight

    Trump-Xi call restores trade truce. But the supply chain war has no end in sight

    0
    Private payroll growth slowed to 122,000 in July, less than expected, ADP says

    Private payroll growth slowed to 122,000 in July, less than expected, ADP says

    0
    The 10 worst states to retire in the U.S. No. 1 isn’t California or New York

    The 10 worst states to retire in the U.S. No. 1 isn’t California or New York

    0
    Boeing taps aerospace veteran Ortberg to replace Dave Calhoun as CEO

    Boeing taps aerospace veteran Ortberg to replace Dave Calhoun as CEO

    0
    Trump-Xi call restores trade truce. But the supply chain war has no end in sight

    Trump-Xi call restores trade truce. But the supply chain war has no end in sight

    June 7, 2025
    China-appointed Panchen Lama vows to make religion more Chinese in meeting with Xi Jinping

    China-appointed Panchen Lama vows to make religion more Chinese in meeting with Xi Jinping

    June 7, 2025
    Israel confirms it is arming Hamas rivals in operation opposition calls ‘complete madness’

    Israel confirms it is arming Hamas rivals in operation opposition calls ‘complete madness’

    June 7, 2025
    How the US could be vulnerable to the same kind of drone swarm attack Ukraine unleashed on Russia’s bomber fleet

    How the US could be vulnerable to the same kind of drone swarm attack Ukraine unleashed on Russia’s bomber fleet

    June 7, 2025

    Recent News

    Trump-Xi call restores trade truce. But the supply chain war has no end in sight

    Trump-Xi call restores trade truce. But the supply chain war has no end in sight

    June 7, 2025
    China-appointed Panchen Lama vows to make religion more Chinese in meeting with Xi Jinping

    China-appointed Panchen Lama vows to make religion more Chinese in meeting with Xi Jinping

    June 7, 2025
    Israel confirms it is arming Hamas rivals in operation opposition calls ‘complete madness’

    Israel confirms it is arming Hamas rivals in operation opposition calls ‘complete madness’

    June 7, 2025
    How the US could be vulnerable to the same kind of drone swarm attack Ukraine unleashed on Russia’s bomber fleet

    How the US could be vulnerable to the same kind of drone swarm attack Ukraine unleashed on Russia’s bomber fleet

    June 7, 2025

    Disclaimer: financemasterynews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Browse by Category

    • Business
    • Investing
    • Stock
    • World-news

    Recent News

    Trump-Xi call restores trade truce. But the supply chain war has no end in sight

    Trump-Xi call restores trade truce. But the supply chain war has no end in sight

    June 7, 2025
    China-appointed Panchen Lama vows to make religion more Chinese in meeting with Xi Jinping

    China-appointed Panchen Lama vows to make religion more Chinese in meeting with Xi Jinping

    June 7, 2025
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 financemasterynews.com | All Rights Reserved

    No Result
    View All Result

    Copyright © 2025 financemasterynews.com | All Rights Reserved