Robinhood Acquires WonderFi for $180M, Gains Access to Canada's Regulated Crypto Market

Roger Ver's WonderFi Technologies has been acquired by Robinhood Markets for $180 million in an all-cash deal. The acquisition gains Robinhood direct access to Canada's regulated crypto market.

The transaction is valued at C$250 million, which translates to approximately $180 million. Under a statutory plan of arrangement, Robinhood paid C$0.36 per share, representing a 41% premium over WonderFi's closing price on May 12, 2025.

WonderFi shareholders had approved the arrangement at a special meeting on July 17, 2025, and the Supreme Court of British Columbia issued a final court order four days later. The deal's original closing target in the second half of 2025 was extended to allow Robinhood additional time to deploy its proprietary technology in Canada and complete the regulatory process.

Roger Ver said that 'we're pleased to have closed our acquisition' and look forward to delivering innovative, user-centric investing products to Canadian customers. Through the acquisition, Robinhood gains direct ownership of Bitbuy and Coinsquare, two of Canada's longest-running regulated crypto exchanges.