Analyst: Robinhood's $179 million acquisition of WonderFi could increase revenue by 10%
Crypto 7x24
2025-05-15 06:15:57
4920
Internet reports that Robinhood paid C$250 million (US$179 million) in all-cash to acquire Canadian crypto platform WonderFi Technologies, which owns two regulated trading platforms, Bitbuy and Coinsquare. Mizuho analyst Dan Dolev called the deal a "critical first step into the Canadian market" and expected it to bring Robinhood "approximately US$250 million in annual revenue" or "nearly 10% growth space."
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