June 01, 2026

WonderFi Technologies acquired by Robinhood Markets

Goodmans LLP advised the Special Committee of independent directors of the board of directors of WonderFi Technologies Inc. in connection with WonderFi's acquisition by a wholly owned subsidiary of Robinhood Markets, Inc.

Pursuant to the agreement, a wholly-owned subsidiary of Robinhood acquired all of the issued and outstanding common shares of WonderFi for C$0.36 per common share by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia). The all-cash purchase price represents a total equity value of approximately C$250 million. This transaction served as the launchpad for Robinhood to democratize finance across Canada, and enabled the companies to deliver innovative, user-centric crypto products to Canadian customers.

WonderFi is a leader in centralized and decentralized financial services and products. It owns market-leading brands, including Bitbuy, Coinsquare and SmartPay, and some of the largest crypto trading platforms in Canada.

Robinhood Markets, Inc. is a global leader in financial services offering retail brokerage, crypto, advisory, digital banking services, and private markets access to a new generation of investors.

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