In an unexpected twist that even a crystal ball might have trouble predicting, Robinhood has decided that the land of poutine, maple syrup, and hockey really, really needs more cryptocurrency. So, what does it do? It goes and buys WonderFi, one of Canada’s top crypto platforms. Because why not? Nothing says “global expansion” quite like throwing a little digital currency into the Great White North.
This deal isn’t just about Robinhood adding some Canadian flavor to its portfolio. Oh no, this is about Robinhood elbowing its way into Canada’s fast-growing, crypto-hungry market, with a side of local reputation and user base, courtesy of WonderFi. And, let’s be honest, if there’s one thing Canadians love more than maple syrup, it’s crypto. Well, maybe the syrup is still in the lead, but crypto’s making a good run for it.
With this acquisition, Robinhood’s big dream is to make crypto trading simpler and more accessible for our Canadian friends. Because, really, who wouldn’t want to trade Bitcoin while wearing a toque and sipping a Timmy’s double-double?
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2025-05-13 15:20