Analyst: Robinhood's $179 million acquisition of WonderFi could increase revenue by 10%

Robinhood paid C $250 million (US $179 million) in all cash for WonderFi Technologies, the Canadian crypto platform that owns Bitbuy and Coinsquare, two regulated trading platforms. Mizuho analyst Dan Dolev called the deal a "critical first step into the Canadian market" and expects it to generate "around $250 million in annual revenue" for Robinhood, or "close to 10 per cent growth".