Robinhood to acquire Canada’s WonderFi for $179M in global crypto push

Robinhood is set to acquire Canadian crypto firm WonderFi for $179 million in cash, joining a growing wave of crypto M&A as it deepens its global reach.

Brokerage fintech Robinhood is set to acquire WonderFi, a Canadian crypto firm, for approximately 250 million Canadian dollars ($179 million) in an all-cash deal to expand its global presence.

The acquisition is expected to close in the second half of 2025, Robinhood said in a May 13 press release.

WonderFi operates two of Canada’s longest-standing regulated crypto trading platforms, Bitbuy and Coinsquare, managing over 2.1 billion Canadian dollars in assets under custody. These platforms offer crypto trading, staking and custody services.

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