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Robinhood Acquires WonderFi to Tap Into Canada’s Growing Crypto Market

  • Robinhood announced the acquisition of WonderFi for $179 million, solidifying its presence in the Canadian crypto market.
  • WonderFi shareholders will receive C$0.36 per share in an all-cash transaction, representing a 41% premium.
  • The acquisition includes Bitbuy and Coinsquare, Canada's leading regulated crypto exchanges, expanding Robinhood's offerings in Canada.
  • WonderFi's expertise in crypto, along with its leadership team, will enhance Robinhood's Canadian operations and bolster its global expansion strategy.

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