Robinhood expands into Canada with acquisition of WonderFi - BNN Bloomberg
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Article Excerpt
TORONTO — U.S. online trading platform Robinhood Markets Inc. has expanded into the Canadian market with the closing of its acquisition of cryptocurrency firm WonderFi.
WonderFi’s regulated crypto platforms, Bitbuy and Coinsquare, will become part of the Robinhood brand. Canadian customers will be invited to download the Robinhood trading app, the American company said Monday.
The two companies announced the deal worth $250 million just over a year ago.
“WonderFi has extensive experience operating regulated crypto platforms that serve beginner and advanced crypto users alike, making it an i…
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