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Canada's WonderFi soars on $180 million deal with Robinhood

ReutersMay 13, 2025 6:14 PM

** Canadian crypto firm WonderFi Technologies' WNDR.TO shares jump 35.3% to C$0.35

** Robinhood HOOD.O will buy WNDR, whose brands include crypto exchanges Bitbuy and Coinsquare, for C$250 million ($179 million), as retail trading platform looks to expand its international footprint

** WNDR shareholders will receive all-cash consideration of 36 Canadian cents, 41% premium to stock's previous close

** WonderFi's focus on both "beginner and advanced crypto users" makes it an "ideal partner," said Johann Kerbrat, Senior Vice President and General Manager of Robinhood Crypto

** As of last close, WNDR stock down 13.6% YTD

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