Robinhood You have canceled a definitive agreement for Wonderfi Technologies Inc. To be acquired for C $ 250 million in cash, which marks a significant extension to the regulated cryptocurrency sector of Canada. With 41% Premium, the deal, which expected to close in the second half of 2025, offers Wonderfi’s shareholders and will integrate the entire team of Wonderfi into the Canadian operations of Robinhood Crypto.
This acquisition Grans Robinhood Access as Wonderfi’s regulated crypto -trading platforms, Bitbuy and Coinsquare, which jointly manage more than C $ 2.1 billion in customer assets. These platforms have significant growth in experiences, increased by 110% in assets under detention since the end of 2023.
Wonderfi’s consolidation of Bitbuy and Coinsquare under a single regulated investment trader that you have posted as a dominant player in the Crypto market of Canada. The company now serves more than 1.7 million registered users and offers services with crypto trading, deployment and payment processing via its SmartPay platform.
The acquisition is in line with the Robinhood strategy to diversify its offer that go beyond traditional stock trade. By integrating the platforms of Wonderfi, Robinhood Canadian users wants to offer an extensive series of financial services, crypto -trade, commitment and payments. This step also reflects a wider trend of consolidation in the crypto industry, because companies try to extend Epond Eponde -Footprint and meet the evolving standards.
The Canadian Cryptomarkt has become increasingly attractive for international companies, partly due to the regulatory environment. Wonderfi’s compliance with the Canadian regulations and its status as a fully regulated investment trader make it a valuable possession for the international expansion of Robinhood. The acquisition is expected to improve Robinhouse’s competitive capacity in the global crypto market and a robust platform for growth in Canada and possibly be out of it.
This transaction is part of a series of strategic movements of Robinhood to deepen its involvement in the cryptocurrency space. The company previously acquires Crypto Exchange Bitstamp for $ 200 million, which points to its dedication to expand its crypto offer.
Arabian Post – Crypto News Network
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