Robinhood Expands Global Reach with $179 Million Acquisition of WonderFi

Robinhood, the American fintech company known for its commission-free trading platform, has made a strategic move into the Canadian market. The company acquired cryptocurrency firm WonderFi in an all-stock deal valued at approximately $179 million, marking a significant step forward in its global expansion strategy. This acquisition allows Robinhood to leverage WonderFi’s existing expertise and customer base in Canada while positioning them for broader growth.