# Robinhood Acquiring WonderFi for $179M

*Author: Bankless*
*Published: May 13, 2025*
*Source: https://www.bankless.com/de/read/robinhood-acquiring-wonderfi-for-179m*

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Robinhood has acquired WonderFi, a leading Canadian crypto firm, for $179M to further its international expansion.

## **What’s the Scoop?**
- **Acquisition Details**: Robinhood has agreed to acquire WonderFi for $178.98 million, valuing WonderFi shares at a 41% premium to their prior closing price.
- **Strategic Expansion**: The acquisition gives Robinhood ownership of WonderFi’s platforms, Bitbuy and Coinsquare, solidifying its presence in the Canadian crypto market.
- **Competitive Growth**: This move positions Robinhood to compete with players like Coinbase and Wealthsimple in Canada's growing crypto industry.
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