Analyst: Robinhood's $179 million acquisition of WonderFi could increase revenue by 10%
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Odaily Odaily reported that Robinhood acquired Canadian crypto platform WonderFi Technologies, which owns two regulated trading platforms Bitbuy and Coinsquare, for 250 million Canadian dollars (about 179 million US dollars) in all cash. Mizuho analyst Dan Dolev called the deal "a key first step into the Canadian market" and expected the deal to bring Robinhood "about $250 million in annual revenue" or "nearly 10% growth space."
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