Robinhood Expands Crypto Reach with $179M Acquisition of WonderFi

Robinhood is acquiring Canadian crypto firm WonderFi—backed by Kevin O’Leary—for approximately $179 million in an all-cash deal set to close mid-year.

WonderFi will continue operating its products, while both companies aim to expand crypto access and offerings. Robinhood praised WonderFi’s strong brand portfolio and sees the move as a way to accelerate its crypto growth in Canada. The acquisition follows the SEC’s decision earlier this year to drop its investigation into Robinhood without enforcement action.

Clever Robot News Desk 15^th May 2025