Robinhood will acquire WonderFi for 250 million Canadian dollars

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