Solega Co. Done For Your E-Commerce solutions.
  • Home
  • E-commerce
  • Start Ups
  • Project Management
  • Artificial Intelligence
  • Investment
  • More
    • Cryptocurrency
    • Finance
    • Real Estate
    • Travel
No Result
View All Result
  • Home
  • E-commerce
  • Start Ups
  • Project Management
  • Artificial Intelligence
  • Investment
  • More
    • Cryptocurrency
    • Finance
    • Real Estate
    • Travel
No Result
View All Result
No Result
View All Result
Home Cryptocurrency

Robinhood grows its footprint in Canada by acquiring WonderFi

Solega Team by Solega Team
May 14, 2025
in Cryptocurrency
Reading Time: 1 min read
0
Robinhood grows its footprint in Canada by acquiring WonderFi
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Robinhood revealed Tuesday that it’s acquiring Canadian crypto leader WonderFi for CA$250 million (around $178.56 million) in an all-cash deal as it pushes into Canada’s growing digital asset market.

WonderFi operates two regulated crypto platforms, Bitbuy and Coinsquare, with over CA$2.1 billion in assets under custody. The transaction offers WonderFi shareholders CA$0.36 per share, representing a 41% premium over the company’s recent closing price. (WonderFi went public in Canada through a reverse takeover in 2021.)

The tie-up follows Robinhood’s $200 million purchase of European exchange Bitstamp last year and reinforces its global expansion strategy. 

WonderFi’s team, including CEO Dean Skurka, will join Robinhood Crypto, adding to the roughly 140 employees Robinhood already has in Toronto.

The deal is expected to close in the second half of this year. 

TechCrunch talked with Robinhood CEO Vlad Tenev in December about his enthusiasm over a new U.S. administration that’s far friendlier to the crypto industry, and about Robinhood’s own growing focus on crypto. “I think crypto is the next in line in a long chain of technology innovations that have changed the underlying infrastructure of the financial system in a positive way,” Tenev said at the time.



Source link

Tags: AcquiringCanadafootprintgrowsRobinhoodWonderFi
Previous Post

Coupa acquisition of Cirtuo expands e-procurement

Next Post

Cloudflare vs Imperva vs Barracuda

Next Post
Cloudflare vs Imperva vs Barracuda

Cloudflare vs Imperva vs Barracuda

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR POSTS

  • 10 Ways To Get a Free DoorDash Gift Card

    10 Ways To Get a Free DoorDash Gift Card

    0 shares
    Share 0 Tweet 0
  • They Combed the Co-ops of Upper Manhattan With $700,000 to Spend

    0 shares
    Share 0 Tweet 0
  • Saal.AI and Cisco Systems Inc Ink MoU to Explore AI and Big Data Innovations at GITEX Global 2024

    0 shares
    Share 0 Tweet 0
  • Exxon foe Engine No. 1 to build fossil fuel plants with Chevron

    0 shares
    Share 0 Tweet 0
  • They Wanted a House in Chicago for Their Growing Family. Would $650,000 Be Enough?

    0 shares
    Share 0 Tweet 0
Solega Blog

Categories

  • Artificial Intelligence
  • Cryptocurrency
  • E-commerce
  • Finance
  • Investment
  • Project Management
  • Real Estate
  • Start Ups
  • Travel

Connect With Us

Recent Posts

Exploring Text-to-Speech Technology for Video Game Narration

Exploring Text-to-Speech Technology for Video Game Narration

July 1, 2025
South Korea lifts 14-year ban on ‘kimchi bonds’ after dollar-backed stablecoins frenzy

South Korea lifts 14-year ban on ‘kimchi bonds’ after dollar-backed stablecoins frenzy

July 1, 2025

© 2024 Solega, LLC. All Rights Reserved | Solega.co

No Result
View All Result
  • Home
  • E-commerce
  • Start Ups
  • Project Management
  • Artificial Intelligence
  • Investment
  • More
    • Cryptocurrency
    • Finance
    • Real Estate
    • Travel

© 2024 Solega, LLC. All Rights Reserved | Solega.co