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Coinsquare

Crypto Push: Robinhood Buys WonderFi, Bitbuy, Coinsquare

May 13, 2025 by Newsdesk

Robinhood Markets will acquire Toronto-based WonderFi in a $250 million all-cash deal, offering $0.36 per share—a 41% premium on WonderFi’s last TSX close. The transaction brings 1.7 million users, $2.1 billion in client assets, and crypto platforms Bitbuy and Coinsquare under Robinhood’s control.

WonderFi’s team will join Robinhood’s Canadian operations, which already employ 140 staff in Toronto. The deal is expected to close in the second half of 2025, subject to regulatory approvals. Robinhood aims to grow its Canadian footprint and expand in crypto, as deregulation efforts under U.S. President Donald Trump reshape the sector.

Want to know more? Check out the source code on Fintech.ca.

WonderFi Completes Acquisition of Coinsquare and CoinSmart, Creating Canada’s Largest Regulated Crypto Ecosystem

July 10, 2023 by Newsdesk

In a long-anticipated move, WonderFi has announced the successful completion of its acquisition of Coinsquare and CoinSmart, solidifying its position as one of the most respected and regulated crypto trading platforms globally.

The merger brings together three leading crypto-asset trading platforms and creates a powerhouse in Canada’s crypto investing landscape.

WonderFi’s President, Dean Skurka, emphasizes the strength of their balance sheet and their ability to execute their core strategy.

With a user base of 1.6 million and assets valued at $600 million, WonderFi is well-positioned to integrate users, cross-sell services, and expand their innovative product portfolio.

Want to know more? Check out the source code on Fintech.ca.

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