Robinhood’s $179M WonderFi Buyout: A Crypto Power Play in Canada
Robinhood acquires Canada’s WonderFi for $179M, eyeing 12M retail investors. A bold expansion move?
Robinhood is making waves in Canada. On May 13, 2025, the US-based trading platform announced its acquisition of WonderFi, a leading Canadian crypto firm, for $179 million (C$250M) in an all-cash deal. WonderFi operates Bitbuy and Coinsquare, managing over C$2.1 billion in assets, and the deal aims to tap into Canada’s 12+ million retail investors, as noted in posts on X.
What’s the strategy? Robinhood, already a big player with $27.4 billion in crypto held for users, is expanding globally after launching in the EU last year. The acquisition, set to close in late 2025, offers WonderFi shareholders C$0.36 per share—a 41% premium—boosting its stock 34% to C$0.24. WonderFi’s 2024 trading volume hit C$3.57 billion, up 28%, making it a strong foothold for Robinhood’s Canadian push. Johann Kerbrat, Robinhood Crypto SVP, called WonderFi an “ideal partner” to democratize finance, building on its Toronto headquarters established in 2024.
What’s the bigger picture? For beginners, this signals crypto’s growing mainstream appeal, especially under Trump’s pro-crypto stance—evident in moves like rescinding SAB 121, which once limited banks’ crypto custody. However, risks loom: Canada’s regulatory landscape can be tricky, and WonderFi’s CEO was kidnapped for ransom last year, raising security concerns. Broader market volatility, like Bitcoin’s recent $2K dip to $100,771 and $5B in “dark stablecoins” flagged by CryptoQuant’s CEO, adds uncertainty. Still, Mizuho analysts predict $250M in annual revenue if Robinhood leverages WonderFi’s local expertise.
What should you do? Research both platforms before trading. This merger could enhance crypto access, but global market swings and local risks mean you should diversify and only invest what you can afford to lose.
Will Robinhood dominate Canada’s crypto scene? Share your thoughts below and follow trafy.io for more updates!
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
