Robinhood acquires Wonderfi with $250 million in cash to accelerate Global Crypto expansion

Robin Hood is making another bold move in ciphers. On Tuesday, the fee-free trading platform announced it was acquiring Canadian crypto company Wonderfi.

Under the agreement, WonderFi shareholders will provide 36 Canadian cents per share. This is a 41% premium from the final closing price. Wonderfi runs BitBuy and Coinsquare. This is a 28% jump from the previous year on two exchanges that have surpassed crypto trading volumes of over $3.57 billion since last year.

As part of the acquisition agreement, all Wonderfi employees will join Robinhood.

“We value Wonderfi, a 41% premium over the previous closing, at 36 Canadian cents per share,” Reuters reported.

With this acquisition, Robinhood is bolstering its efforts to grow beyond its roots as an equity trading app. Crypto is becoming a bigger part of that strategy. Last year, the company paid $200 million to get a crypto exchange bit stamp. It’s currently doubling in Canada. Canada is a market with more than 140 employees already.

“This is an ideal partner,” said Johann Kerbrat, SVP and GM at Robinhood Crypto, pointing to Wonderfi’s appeal to both beginners and advanced users.

Timing is alongside new investors’ interest in Crypto. Bitcoin prices are rising again, with crypto trading intensifying. Coinbase recently bought Deribit for $2.9 billion, and Ripple acquired Prime Brokerage Firm Hidden Road for $1.25 billion. Analysts have linked some industry rebounds to policy changes under US President Donald Trump.

Wonderfi spent a bumpy year on the Toronto Stock Exchange despite recent rise in Crypto’s interest. The stock fell more than 13% in 2025, giving it a market capitalization of $163.9 million, less than the final price Robin Hood paid.

This acquisition agreement is a clear signal that Robinhood wants to be more than just a trading app. It itself builds on a broader financial platform with a crypto front and center.

Earlier last year, Robinhood Markets, the parent company of popular trading app Robinhood, acquired portfolio management platform TradePMR with approximately $300 million in cash and inventory trading.