The retail trading giant Robinhood is taking over a crypto firm touted by Shark Tank’s Mr. Wonderful, Kevin O’Leary.
According to press releases from both firms, Robinhood is acquiring WonderFi, a Canadian crypto leader.
The deal is expected to be closed by halfway through this year. WonderFi plans to continue operations on its products after the arrangement closes.
Trending: She Found Them: Gabbard Reportedly Fires Officials, ‘Deep State’ On Notice
Says WonderFi President and CEO Dean Skurka of the acquisition,
“WonderFi and Robinhood are united in our visions of making crypto accessible and bringing more people into the crypto space. We’re delighted to be joining the Robinhood team and to super-charge our product offerings for customers.”
According to the Robinhood announcement, the “all-cash purchase price” comes out to about C$250 million, or about $179 million.
Said Johann
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!