Analyst: Robinhood's $179 million acquisition of WonderFi could increase revenue by 10%

Odaily News Robinhood has acquired Canadian crypto platform WonderFi Technologies, which owns two regulated trading platforms Bitbuy and Coinsquare, for an all-cash $250 million (about $179 million). Mizuho analyst Dan Dolev called the deal "a key first step into the Canadian market" and expected it to bring Robinhood "about $250 million in annual revenue," or "close to 10% growth."