AcquisitionThe acquisition by Robinhood is seen as a strategic move to expand its presence in Canada, leveraging WonderFi's established infrastructure and customer base.
Financial PerformanceWonderFi reported its 4Q24 revenue of C$20.0M, up almost three-times from 3Q24's C$7.2M, establishing itself as the largest standing Canadian-based crypto trading platform.
Market ExpansionWonderFi signed a letter of intent with EightCap to provide platform users access to derivatives across various financial markets, indicating potential future expansion.