Robinhood Finalizes $180M WonderFi Deal, Expanding into Canada's Crypto Sector
HOOD sits 43% above its 52-week low of $62.92.
Summary
Robinhood has completed its $180 million acquisition of WonderFi, officially entering the Canadian crypto market. This follows the regulatory approval announced on May 25th and the initial deal announcement in May 2025. The acquisition adds 300,000 funded customers and two regulated platforms, Bitbuy and Coinsquare, significantly expanding Robinhood's international presence and crypto offerings. This strategic move solidifies the company's growth initiatives outside the U.S.
At the time of this announcement, HOOD was trading at $90.24 on NASDAQ in the Finance sector, with a market capitalization of approximately $81.8B. The 52-week trading range was $62.92 to $153.86. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: The Block.