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Robinhood to acquire Canadian crypto exchange WonderFi for $179M

  • Robinhood Markets Inc. is set to acquire Canadian crypto exchange WonderFi Technologies Inc. for $179 million in an all-cash deal.
  • WonderFi operates BitBuy and Coinsquare in Canada, handling over CA$2.1 billion in assets under custody.
  • The deal values WonderFi's shares at CA$0.36 each, representing a significant premium.
  • The acquisition is part of Robinhood's global expansion in cryptocurrency services, with a focus on serving Canadian customers.

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