Karsten Wenzlaff, Advisor
August 26th, 2025
Karsten Wenzlaff is a Crowdfunding and Fintech Expert from Germany. He is Secretary-General of Digit[...]
Robinhood Acquires WonderFi for C$250M
Crypto M&A | May 13, 2025
Image from announcement Roinhood to acquire WonderFi
Robinhood Enters Canada Through Regulated Crypto Channels
Robinhood Crypto announced on May 13 that it will acquire Canadian fintech WonderFi Technologies for C$250 million (US$179 million) in an all-cash deal, giving it immediate access to Canada’s regulated crypto trading market.
WonderFi shareholders will receive C$0.36 per share in cash, reflecting a 41% premium to the May 12 closing price and a 71% premium to the 30-day volume weighted average.
See: WonderFi Faces Leadership Challenge in Boardroom Battle
The purchase includes WonderFi’s flagship platforms, Bitbuy and Coinsquare, which combined hold over C$2.1 billion in assets under custody and offer crypto trading, staking, and custody services to millions of Canadian users.
The deal is structured as an arrangement under the BC Business Corporations Act and is expected to close in the second half of 2025, subject to court, regulatory, and shareholder approvals.
Johann Kerbrat, Senior Vice President and GM of Robinhood Crypto:
“WonderFi has built a formidable family of brands serving beginner and advanced crypto users alike, making them an ideal partner to accelerate Robinhood’s mission in Canada.”
Ahead of launching or acquiring a crypto trading platform in Canada, Robinhood opened a Toronto headquarters office in 2024 with 140+ staff focused on infrastructure engineering. The WonderFi acquisition allows Robinhood to offer crypto products in a regulated market while positioning for broader retail expansion.
See: Robinhood Acquires AI Platform Pluto Capital Inc
Dean Skurka CEO of WonderFi:
“WonderFi and Robinhood are united in our visions of making crypto accessible and bringing more people into the crypto space.”
Why It Matters
Could Robinhood's acquisition of WonderFi ignite more cross border fintech consolidation in Canada? It will definitely bring more competition to Canadian fintech markets, as the deal injects global capital into the sector, establishing the bar for product, pricing, and platform innovation to crypto, digital banks, wealthtech and lifestyle finance platforms in Canada.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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