WonderFi, a Toronto-based provider of digital asset products and services, will join U.S.-based investment platform Robinhood following a new acquisition. The all-cash transaction is valued at $250 million CAD.
Robinhood works to democratize access to investing for millions of users across the United States. The financial technology company established its Canadian headquarters in Toronto in 2024, and it is now looking to expand its global ecosystem of crypto products, with many already available in eligible E.U. countries.
WonderFi’s regulated crypto trading platform provides Canadian users with trading, payments and decentralized products like blockchains and non-custodial wallet applications.
Following the acquisition, WonderFi will continue to operate its products while combining with Robinhood’s Canadian team of 140 people. The company’s leadership team will become part of Robinhood Crypto, working to help the company deliver various digital asset products to Canadian customers.
