Robinhood Markets signs deal to buy WonderFi Technologies for $250M
TORONTO - Robinhood Markets Inc. has signed a deal to buy Canadian cryptocurrency company WonderFi Technologies Inc. for $250 million.
WonderFi owns cryptocurrency platforms Bitbuy and Coinsquare.
Under the deal, Robinhood will pay 36 cents per WonderFi share.
WonderFi shares rose nine cents to 34.5 cents in afternoon trading Tuesday on the Toronto Stock Exchange.
Robinhood established a Canadian headquarters in Toronto last year.
WonderFi will continue to operate its products after the deal closes, and the company's leadership team will stay on as part of Robinhood Crypto.
This report by The Canadian Press was first published May 13, 2025.
Companies in this story: (TSX:WNDR)
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