1. What’s happening?
- Robinhood is buying Toronto‑based WonderFi for C$250 million (about US $179 M).
- Shareholders get C$0.36 a share, a 41 % premium on the last close.
2. Why WonderFi?
- WonderFi runs two top Canadian exchanges: Bitbuy and Coinsquare.
- Those platforms saw C$3.6 B in trading volume last year, up 28 %.
3. What Robinhood gains
- Instant access to Canada’s regulated crypto market.
- A local team of 140+ employees who already know the rules.
- More users for its growing crypto and global stock push.
4. Bigger picture
- Crypto M&A is heating up again: Coinbase just bought Deribit for $2.9 B; Ripple nabbed Hidden Road for $1.25 B.
- Robinhood wants to be more than a stock app. This deal moves it closer to a full‑service trading hub.
5. Next steps
- Deal needs the usual regulatory OK.
- Closing expected later this year.
- WonderFi brands stay for now; new features will roll into Robinhood after the hand‑off.
