Robinhood Expands Into Canada With Acquisition of WonderFi
California-based financial technology company Robinhood Markets Inc. is expanding into the Canadian market after finalizing its acquisition of Toronto cryptocurrency firm WonderFi. The acquisition means Robinhood, which is known for pioneering commission-free retail investing, will add WonderFi’s regulated crypto platforms, Bitbuy and Coinsquare, to its brand portfolio, the company announced in a June 1 press […]
Robinhood Expands Into Canada With Acquisition of WonderFi Robinhood Markets Inc. is entering the Canadian market by acquiring the Toronto cryptocurrency firm WonderFi. This acquisition will integrate WonderFi’s regulated crypto platforms, Bitbuy and Coinsquare, into Robinhood’s offerings. The stock-based deal was valued at approximately US$180 million.
- Robinhood Markets Inc. is expanding into Canada.
- The company acquired Toronto cryptocurrency firm WonderFi.
- WonderFi’s regulated crypto platforms, Bitbuy and Coinsquare, will be added to Robinhood’s portfolio.
- The stock-based deal was valued at approximately US$180 million (CA$250 million).
- Robinhood is known for pioneering commission-free retail investing.
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