Robbhood gains miraculous to drive a Canadian expansion

Robinhood announced on Tuesday, it will acquire the Canadian Crypto Firm Wonders in $ 250 million (US $ 178 million) All cash offers, marking the latest stroke of mediation to increase its global crypto imprint.

The deal gives Slave Access via C $ 2.1 billion assets within detention and expands its range to one of the fastest growing cryptological markets in the world.

Wonders, operating Two Canadian most basic regulated platforms-bitbui and coincaare – will continue their business under the cryinhood crypt.

Vonderfi deconographs will receive C $ 0.36 at common share, 41% premiums in stock prices and 71% premiums on its average price of 30-day volume, according to announcement.

The acquisition is expected to close in the second half of 2025. Year, in accordance with the shareholder and regulatory approvals.

Changes in leadership

After completing the leadership of the Miracles, including the executive director of Dean Skurka, will join Robustry Kruptou and continues to oversee Canadian operations. Employees from Wonderfi will jump into the existing Canadian Working Powon of Working, which includes more than 140 staff based in Toronto.

“Wonders built a litigation with the passion of brands and advanced users of CRIPTO, making them an ideal partner to speed up the birthih year-old in Canada,” said Johann Kerbrat, GM of Honbinhood Cripto.

The roghonhoosty has expanded their crypt’s abilities in recent years, gained bitstamp for $ 200 million in 2024. Years.

The Acquisition of the Miraculous Side is built on that strategy, the positioning of birth to serve Canadian retail investors with a wide set of crypto services, including trading, putting and detention.

Wonders have about 1.6 million users through their platforms and reported over $ 3.57 billion in the scope of trading in fiscal year 2024, an increase of 28% processors. The company passed publicly over the reverse takeover of 2021. years and since she breeded in one of the leading Canadian cherish cryptic providers.

Robinish plans to finance the purchase using cash on hand. JP Morgan served as an exclusive financial advisor Robinhood, while Wonders advised FT partners and more legal and financial firms, in line with companies.