WonderFi operates Bitbuy and Coinsquare, with over C$2.1 billion in assets under custody.
The deal is expected to close in the second half of 2025, pending shareholder and regulatory approval.
Robinhood Markets, Inc. has agreed to acquire WonderFi
Technologies Inc., a Canadian company that operates two regulated crypto
trading platforms. The deal is valued at approximately C$250 million.
WonderFi runs Bitbuy and Coinsquare, platforms that together
hold more than C$2.1 billion in assets under custody. The company is known for
offering services such as crypto trading, staking, and custody.
Robinhood Offers Premium for WonderFi Acquisition
Dean Skurka, WonderFi President and CEO, Source: LinkedIn
“WonderFi and Robinhood are united in our visions of making
crypto accessible and bringing more people into the crypto space,” said
WonderFi President and CEO Dean Skurka. “We’re delighted to be joining the
Robinhood team and to super-charge our product offerings for customers.”
Robinhood said the acquisition supports its strategy to
expand its crypto business internationally. The company already provides crypto
services in some European countries. It entered Canada in 2024 by opening a
technology office in Toronto.
Under the agreement, Robinhood will pay C$0.36 per share in
cash to acquire all outstanding shares of WonderFi. This represents a 41%
premium over WonderFi’s closing share price on May 12, 2025, and a 71% premium
over the 30-day volume-weighted average price.
WonderFi will continue to operate its existing platforms
after the deal closes. Its leadership team will join Robinhood Crypto. More
than 140 Robinhood employees are already based in Canada.
The acquisition is expected to close in the second half of
2025. It is subject to regulatory and court approvals, as well as a vote by
WonderFi’s shareholders. Robinhood plans to fund the transaction with its
existing cash reserves.
“This transaction is the culmination of those efforts and
the launchpad for Robinhood to democratize finance across Canada. The
arrangement provides WonderFi shareholders with all-cash consideration at an
attractive premium to our recent trading levels,” said Bobby Halpern, Executive
Chairman of WonderFi.
Robinhood Markets, Inc. has agreed to acquire WonderFi
Technologies Inc., a Canadian company that operates two regulated crypto
trading platforms. The deal is valued at approximately C$250 million.
WonderFi runs Bitbuy and Coinsquare, platforms that together
hold more than C$2.1 billion in assets under custody. The company is known for
offering services such as crypto trading, staking, and custody.
Robinhood Offers Premium for WonderFi Acquisition
Dean Skurka, WonderFi President and CEO, Source: LinkedIn
“WonderFi and Robinhood are united in our visions of making
crypto accessible and bringing more people into the crypto space,” said
WonderFi President and CEO Dean Skurka. “We’re delighted to be joining the
Robinhood team and to super-charge our product offerings for customers.”
Robinhood said the acquisition supports its strategy to
expand its crypto business internationally. The company already provides crypto
services in some European countries. It entered Canada in 2024 by opening a
technology office in Toronto.
Under the agreement, Robinhood will pay C$0.36 per share in
cash to acquire all outstanding shares of WonderFi. This represents a 41%
premium over WonderFi’s closing share price on May 12, 2025, and a 71% premium
over the 30-day volume-weighted average price.
WonderFi will continue to operate its existing platforms
after the deal closes. Its leadership team will join Robinhood Crypto. More
than 140 Robinhood employees are already based in Canada.
The acquisition is expected to close in the second half of
2025. It is subject to regulatory and court approvals, as well as a vote by
WonderFi’s shareholders. Robinhood plans to fund the transaction with its
existing cash reserves.
“This transaction is the culmination of those efforts and
the launchpad for Robinhood to democratize finance across Canada. The
arrangement provides WonderFi shareholders with all-cash consideration at an
attractive premium to our recent trading levels,” said Bobby Halpern, Executive
Chairman of WonderFi.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Executive Interview | Jas Shah | FMLS:25
Executive Interview | Jas Shah | FMLS:25
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
