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Robinhood announces the acquisition of WonderFi for 250 million CAD.
[Robinhood announced an acquisition of WonderFi for 250 million CAD] Robinhood Markets announced that it will acquire the Canadian digital asset platform WonderFi for a total cash price of approximately 250 million CAD at a price of 0.36 CAD per share, a premium of about 41% over the closing price before the announcement. After the transaction is completed, WonderFi will continue to operate independently, with its team integrated into Robinhood Crypto, focusing on serving the Canadian market.