Robinhood Acquires WonderFi: Expanding Presence in Canada

Robinhood Markets has announced the acquisition of Canadian crypto firm WonderFi for US$179 million, marking a significant move towards bolstering its global presence. This strategic deal, valued at C$250 million, underscores Robinhood’s ambition to penetrate new markets and expand its financial ecosystem. WonderFi’s established presence in Canada through platforms like Bitbuy and Coinsquare will significantly enhance Robinhood’s reach within the Canadian crypto market.