Fintech Robinhood is scheduled to get Wonderfi, a Canadian Checkpown Company, for about $ 250 million Canadian ($ 179 million) in a deal from all over the publication to expand its global presence.
The acquisition is expected to be closed in the second half of 2025, Robenol He said In a press release, May 13.
Wonderfi runs two regulatory transmission trading platforms in Canada, BitBuy and Coinsquare, and runs more than 2.1 billion Canadian dollars in reservation assets. These platforms provide coding, deception and custody trading services.
“Wonderfi has built a huge family of brands that serve beginners users and advanced encryption users, making them an ideal partner to accelerate the Robinhood mission in Canada,” said Johann Kerbrat, Senior Vice President and Director General of Robinhood Crypto.
Under the terms of the deal, Robinhood will get all the shares of Wonderfi suspended at a price of $ 0.36 per share-by 41 % of the last closing price of Wonderfi on the Toronto Stock Exchange and 71 % installments at the average price of 30 days.
Before the deal, the roof of the Wonderfi market He was 163.9 million Canadian dollars, and its shares decreased by 13.6 % throughout the history of Toronto.
The deal remains subject to the usual conditions of closure, including organizational approvals and court, as well as approval by Wonderfi shareholders.
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The acquisition of $ 179 million for Wonderfi is part of a wider wave of integration and acquisition in the MD & AS in 2025, which is stimulated by American friendly regulations during President Donald Trump.
The main deals this year include the purchase of $ 2.9 billion Coinbase for the acquisition of Deribit and Ripple with a value of $ 1.25 billion from Hidden Road.
Moreover, on May 2, Kraken completed its acquisition on the Ninjatrader, a step that would expand the Exchange customer base and enable it to provide future contracts and derivatives in the United States.
Robinhood was also on a purchase spree. In 2024, the brokerage company acquired the Bitstamp Cryptocurrency in a $ 200 million deal, allowing the application to serve institutional customers in the United States.
On May 7, it is also reported that Robinhood is developing the Blockchain network that enables European retail investors to trade the US Securities.
It is worth noting that Wonderfi opinion Strong performance in 2024, treatment of 3.57 billion dollars in trading volume, an increase of 28 % over the previous year.
magazine: Bitcoin ‘Crazy Numbers, JD Vance Group for Bitcoin Talk: Hodler’s Digest, from 4 to 10 May
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