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Robinhood Adds 300,000 Canadian Crypto Customers With WonderFi Deal
Robinhood has completed its acquisition of WonderFi, giving the U.S. brokerage immediate access to Canada’s regulated crypto market through Bitbuy and Coinsquare, 2 of the country’s longest-running digital asset platforms. The C$250 million cash deal gives Robinhood roughly 300,000 funded customers in Canada and pushes the company past 1 million international funded customers globally. The transaction was priced at C$0.36 per share, a 41% premium to WonderFi’s closing price on the Toronto Stock Exchange before the announcement was made public. WonderFi shares are expected to be delisted from the Toronto Stock ... (full story)
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