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Robinhood Makes Power Play: Snags Canada’s WonderFi for $179M in Crypto Land Grab
Robinhood Makes Power Play: Snags Canada’s WonderFi for $179M in Crypto Land Grab
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Zero-commission trading app throws down nine figures to conquer the Great White North’s crypto market—just as regulators start sharpening their knives.
Why it matters: The deal gives Robinhood instant access to WonderFi’s 1.5M users and regulatory licenses—a shortcut through Canada’s bureaucratic maze that would’ve taken years to navigate solo.
The cynical take: Nothing says ’bullish on crypto’ like spending IPO cash on acquisitions while your stock price languishes 60% below its meme-fueled peak.
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