Robinhood has acquired Canadian digital asset platform WonderFi for $179 million in cash, marking a significant step toward expanding its presence in the Canadian crypto market. The acquisition will bring WonderFi’s established platforms like Bitbuy and Coinsquare under Robinhood’s umbrella, potentially boosting its user base and offering enhanced crypto services. WonderFi CEO Dean Skurka expressed excitement about the deal, highlighting shared visions for making crypto more accessible to a wider audience. 41% premium provided to WonderFi shareholders as part of the transaction is another significant aspect of this deal. While no immediate changes are anticipated to WonderFi’s existing cryptocurrency offerings, integration into Robinhood’s global ecosystem could lead to improved market access and user experience in Canada.