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    Home»Crypto News»Robinhood Acquires Kevin O’Leary-Backed Crypto Agency WonderFi for $179,000,000 – The Day by day Hodl
    Robinhood Acquires Kevin O’Leary-Backed Crypto Agency WonderFi for 9,000,000 – The Day by day Hodl
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    Robinhood Acquires Kevin O’Leary-Backed Crypto Agency WonderFi for $179,000,000 – The Day by day Hodl

    By Crypto EditorMay 14, 2025No Comments2 Mins Read
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    The retail buying and selling large Robinhood is taking on a crypto agency touted by Shark Tank’s Mr. Fantastic, Kevin O’Leary.

    In accordance with press releases from each companies, Robinhood is buying WonderFi, a Canadian crypto chief.

    The deal is anticipated to be closed by midway by way of this yr. WonderFi plans to proceed operations on its merchandise after the association closes.

    Says WonderFi President and CEO Dean Skurka of the acquisition,

    “WonderFi and Robinhood are united in our visions of constructing crypto accessible and bringing extra individuals into the crypto house. We’re delighted to be becoming a member of the Robinhood staff and to super-charge our product choices for purchasers.”

    In accordance with the Robinhood announcement, the “all-cash buy worth” comes out to about C$250 million, or about $179 million.

    Mentioned Johann Kerbrat, SVP and GM of Robinhood Crypto, of the deal,

    “WonderFi has constructed a formidable household of manufacturers serving newbie and superior crypto customers alike, making them a perfect accomplice to speed up Robinhood’s mission in Canada.

    We look ahead to partnering with the WonderFi staff to ship revolutionary, user-centric crypto merchandise to Canadian clients.” 

    Earlier this yr, the U.S. Securities and Change Fee (SEC) dropped its investigations into Robinhood for allegedly violating federal securities legal guidelines with out pursuing additional enforcement actions.

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    Robinhood Acquires Kevin O’Leary-Backed Crypto Agency WonderFi for $179,000,000 – The Day by day Hodl

    Disclaimer: Opinions expressed at The Day by day Hodl will not be funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal danger, and any losses you might incur are your accountability. The Day by day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please be aware that The Day by day Hodl participates in internet affiliate marketing.

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