Robinhood Acquires WonderFi for $180 Million, Expanding its Presence in the Canadian Crypto Market

Cryptocurrency platform Robinhood is making a major move in the Canadian market by acquiring WonderFi, a leading crypto exchange, in an all-cash deal worth approximately CAD$250 million (around USD$180 million). This acquisition marks a strategic step for Robinhood to solidify its international presence in the burgeoning cryptocurrency industry. The deal will involve paying CAD$0.36 per share to acquire all outstanding WonderFi shares.