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Robinhood to buy WonderFi for $250 million CAD as US trading platform targets Canadian expansion

WonderFi to “accelerate Robinhood’s mission” north of the border. After spending years gobbling up other Canadian cryptocurrency companies, Toronto-based WonderFi has agreed to be acquired by American trading platform Robinhood Markets. Nasdaq-listed Robinhood has struck a deal to buy all issued and outstanding common shares of WonderFi for $0.36 CAD apiece in cash, a 41 percent premium relative to the closing price of WonderFi’s common shares on the Toronto Stock Exchange (TSX) yesterday. This ...

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