Robinhood Acquires WonderFi, Expanding Crypto Services Across Canada

Robinhood has acquired WonderFi in a $179 million deal, bolstering its presence in the Canadian cryptocurrency market. The acquisition includes Bitbuy and Coinsquare, enabling Robinhood to provide broader crypto services to users across Canada. The transaction is expected to generate over C$3.57 billion in trading volume by 2024. WonderFi’s significant track record of growth – exceeding C$3.57 billion in cryptocurrency trades during fiscal year 2024, a 28% increase from the previous year – will contribute to Robinhood’s expansion plans.