The all-cash transaction proposes a 41% premium on WonderFi’s shares, which were priced at 36 Canadian cents each at the close of the previous trading session. The crypto market, revitalized under the administration of U.S. President Donald Trump, has witnessed a series of mergers in 2025, including Coinbase’s $2.9 billion acquisition of Deribit and Ripple’s $1.25 billion purchase of prime brokerage firm Hidden Road.

Last year, Robinhood also made a significant investment in the crypto market with a $200 million purchase of crypto exchange Bitstamp. The company continues to seek growth by acquiring new users and delving deeper into the crypto world, moving beyond its initial identity as a stock-trading app.

WonderFi, whose portfolio includes crypto exchanges such as Bitbuy and Coinsquare, reported processing over C$3.57 billion in cryptocurrency trading volumes in the fiscal year of 2024, marking a 28% increase from the prior year. The company’s focus on catering to both novice and experienced crypto users makes it a perfect match, according to Johann Kerbrat, Senior Vice President and General Manager of Robinhood Crypto.

Despite a 13.6% decrease in stock value on the Toronto exchange in 2025, WonderFi maintains a market capitalization of C$163.9 million. Upon completion of the acquisition, WonderFi’s team will join Robinhood, which already employs over 140 staff members in Canada.

The crypto market has seen a significant surge in interest this year, with the price of Bitcoin rising amidst economic uncertainty and trade conflicts. This is in contrast to the S&P 500 index, which has seen a 0.6% dip in 2025.

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