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

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