Reported about 20 hours ago
Robinhood announced its acquisition of Canadian crypto firm WonderFi for C$250 million ($178.98 million) to enhance its international presence. This all-cash deal values WonderFi at a 41% premium and aims to attract both beginner and advanced crypto users, aligning with Robinhood's strategic shift towards becoming a more integral part of clients' financial management. The crypto sector has seen increased activity recently, and this acquisition follows Robinhood's prior purchase of Bitstamp for $200 million.
Source: YAHOO