Search by
On June 1, 2026, cryptocurrency company WonderFi Technologies Inc. completed a plan of arrangement with U.S. brokerage Robinhood Markets, Inc., whereby Robinhood indirectly acquired all of the issued and outstanding common shares of WonderFi with an implied transaction value of approximately $250 million.
The arrangement was originally announced on May 13, 2025, and was approved by the WonderFi's securityholders at a special meeting held on July 17, 2025. The company obtained a final order in respect of the arrangement from the Supreme Court of British Columbia on July 21, 2025.
WonderFi owns two of Canada’s largest regulated cryptocurrency trading platforms, Bitbuy and Coinsquare, and has about $2 billion in client assets under custody. Both brands will become part of Robinhood
Cassels acted for WonderFi and Goodmans represented the WonderFi special committee. Davies acted for Robinhood.
Parties
Company
WonderFi Technologies Inc.
Company
Robinhood Markets, Inc.
Deal Type
Merger & AcquisitionIndustry
Tech/Computer/ITTransaction
$ 250,000,000Deal Status
ClosedClosing Date
01 June 2026