WonderFi joins Robinhood Crypto to enhance digital asset offerings for Canadian users
Transaction Overview
- All-cash acquisition: WonderFi shareholders receive C$0.36 per share**, totaling **C$250 million.
- Premium: Represents a 41% premium to May 12 closing price and 71% to the 30-day VWAP.
- Expected closure: H2 2025, pending regulatory and shareholder approvals.
Strategic Synergies
WonderFi, a leader in Canada’s crypto market, operates Bitbuy and Coinsquare—two regulated platforms safeguarding C$2.1 billion in assets. The acquisition aligns with Robinhood’s goal to build a global financial ecosystem, leveraging:
- Crypto trading, staking, and custody services.
- Robinhood’s low-cost, secure platform to democratize crypto access.
- Shared vision: Both companies prioritize user-friendly crypto products.
👉 Explore Robinhood’s crypto services
Leadership Perspectives
Johann Kerbrat, SVP of Robinhood Crypto:
“WonderFi’s brands serve beginners and advanced users, accelerating our mission in Canada.”
Dean Skurka, WonderFi CEO:
“Joining Robinhood lets us supercharge offerings for customers.”
Bobby Halpern, WonderFi Chairman:
“This transaction rewards shareholders and launches Robinhood’s Canadian expansion.”
Post-Acquisition Plans
- WonderFi’s products (Bitbuy, Coinsquare) will continue operating.
- Leadership team joins Robinhood Crypto, preserving institutional knowledge.
- 140+ Robinhood employees in Canada (Toronto engineering hub) will integrate WonderFi staff.
Market Context
Canada’s fast-growing crypto adoption makes it a strategic focus. Robinhood’s EU crypto services and scaling expertise position it to capture this demand.
FAQs
Why did Robinhood acquire WonderFi?
To strengthen its Canadian crypto presence using WonderFi’s established platforms and regulatory compliance.
What happens to WonderFi’s users post-acquisition?
Services remain unchanged, with enhanced features from Robinhood’s infrastructure.
How does this benefit shareholders?
All-cash offer at a 41% premium provides immediate value.
👉 Learn more about crypto trading
Legal and Financial Advisors
- Robinhood: J.P. Morgan (financial), Davies Ward Phillips & Vineberg (legal).
- WonderFi: FT Partners (financial), Goodmans LLP (Special Committee legal), Cassels Brock & Blackwell (general counsel).
Keywords: Robinhood, WonderFi, crypto acquisition, Canadian crypto market, Bitbuy, Coinsquare, digital assets, staking
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