Robinhood announces acquisition of WonderFi for CAD $250 million

Robinhood Markets announced that it will acquire WonderFi, a Canadian digital asset platform, in an all-cash transaction of CAD 0.36 per share for approximately CAD 250 million, representing a premium of approximately 41% over the closing price prior to the announcement. After the transaction is completed, WonderFi will continue to operate independently, and its team will be merged into Robinhood Crypto, focusing on serving the Canadian market.