Crypto News: Robinhood Acquires Major Canadian Crypto Firm

By: the coin republic|2025/05/13 23:45:05
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Key Insights:As per latest crypto news, Robinhood will acquire WonderFi for C$250M in cash.WonderFi manages over C$2.1B in assets under custody through its platforms Bitbuy and Coinsquare.The acquisition is expected to close in H2 2025, pending regulatory, shareholder, and court approvals.Robinhood said it will buy WonderFi Technologies Inc.. It is a Canadian company focused on digital asset exchanges, in a deal totaling about C$250 million in cash. The purchase is part of the firm’s plan to expand globally, particularly when it comes to cryptocurrency.Once the integration happens, WonderFi will be a part of Robinhood Crypto, still providing services to users in Canada. Preliminary plans call for the closing to happen in the second half of 2025, subject to gaining the required approvals.Robinhood Strengthens Position in Canadian Crypto MarketAccording to a new press release, Robinhood Markets, Inc. signed a deal to buy all outstanding common shares of WonderFi for C$0.36 per share. This price means an increase of 41% from WonderFi’s May 12, 2025, closing stock price and an increase of 71% from its 30-day VWAP. The acquisition will use only funds already held by the firm.WonderFi is known in Canada as a key regulated digital asset service provider. The firm is looking after over $2.1 billion in customer holdings. The company’s Bitbuy and Coinsquare platforms cover crypto trading, staking, and custody services.Getting WonderFi gives the crypto firm more influence in a market that has enjoyed non-stop growth in crypto usage and trade volume.By leveraging WonderFi’s operational expertise and established customer base, the company aims to strengthen its capacity to provide affordable crypto services throughout Canada.Crypto News: Expanding Crypto Services Under RobinhoodRobinhood Crypto will use WonderFi’s operations and product suite after the acquisition. The WonderFi leadership team will stay put and support Robinhood’s attempts to scale its crypto operations in Canada. The companies highlighted their common goal to increase the reach of digital asset markets.Johann Kerbrat – Senior Vice President, General Manager of Robinhood Crypto feels that WonderFi’s customer focus and range of products make it a perfect target acquisition for the firm’s expansion plans. WonderFi is aimed at newcomers and professionals, which corresponds to Robinhood’s approach to offering easy tools for finance.Johann Kerbrat added, “We look forward to partnering with the WonderFi team to deliver innovative, user-centric crypto products to Canadian customers.”The company established its Canadian headquarters in Toronto in 2024 and currently employs over 140 professionals in the country. With the addition of WonderFi’s team, the crypto firm expects to strengthen its technical and regulatory capabilities in the Canadian market.Transaction Terms and Market Context Lead Crypto News NarrativeThis acquisition will happen by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia). The price agreed on, C$0.36 per share, puts WonderFi’s fully diluted equity value at C$250 million. Shareholders are expected to get cash after customary approvals are completed.WonderFi’s stock on the Toronto Stock Exchange dropped 13.6% in 2025. The company was worth C$163.9 million before the announcement of the acquisition. In addition, WonderFi had a C$3.57 billion trading volume for fiscal year 2024, which was a 28% rise from the prior year.More so, the deal follows a series of recent high-profile transactions in the digital asset space in 2025. Other deals include Coinbase’s acquisition of Deribit for $2.9 billion and Ripple’s purchase of Hidden Road for $1.25 billion. Robinhood itself previously acquired Bitstamp for $200 million as part of its global crypto strategy.Strategic Growth Beyond the U.S. Moreover, the acquisition of WonderFi is part of Robinhood’s plan to expand past the United States, which made headline in the crypto news space. Well-known for offering free trading, the trading platform has been making its product lineups broader, especially when it comes to digital assets.The company is offering crypto services in certain eligible European countries and is still looking for more chances abroad. Robinhood will be able to tap into an established Canadian audience, in addition to regulatory frameworks that will enable future growth in the crypto space.Remarkably, the leading trading platform has been on a crypto growth spree and recently listed Popcat ($POPCAT), PENGU ($PENGU), and PNUT ($PNUT). After listing, Popcat skyrocketed and recorded its trading volume to increase by 175% in 24 hours, an indication of strong appetite among retail investors.The post Crypto News: Robinhood Acquires Major Canadian Crypto Firm appeared first on The Coin Republic.

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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.

The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.


Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.


Simplified Trading Experience: No KYC Required, Opening a Position in Five Steps


Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.


The trading process has been streamlined into five steps:

· Choose the trading asset

· Select long or short

· Input position size and leverage

· Confirm order details

· Confirm and open the position


The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.


Social-Native Trading: Strategy and Execution Completed in the Same Context


Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:

· End-to-end encrypted private groups supporting up to 1024 members

· End-to-end encrypted voice communication

· One-click position sharing

· One-click trade copying


On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.


By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.


Referral Mechanism: Non-institutional users can receive up to 60% fee split


Mixin has also introduced a referral incentive system based on trading behavior:

· Users can join with an invite code

· Up to 60% of trading fees as referral rewards

· Incentive mechanism designed for long-term, sustainable earnings


This model aims to drive user-driven network expansion and organic growth.


Self-Custody Architecture and Built-in Privacy Mechanism


Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:


· Separation of transaction account and asset storage

· User full control over assets

· Platform does not custody user funds

· Built-in privacy mechanisms to reduce data exposure


The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.


A New Path for On-Chain Derivatives


Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.


The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.


Regulatory Background


Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.


This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."


The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.


About Mixin


Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.


Its core capabilities include:

· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations

· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets

· Decentralization: achieving full user control over assets without relying on custodial intermediaries

· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication


Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.


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