bitbuy

The American brokerage giant Robinhood has officially wrapped up the acquisition of the Canadian crypto platform WonderFi (owner of Bitbuy and Coinsquare) for 250 million CAD ($182 million), instantly boosting its international user base to over 1 million. This purchase has allowed the company to navigate around strict regulatory hurdles in Canada and gain a fully compliant infrastructure, offering local investors spot trading on crypto with an ultra-low fee of just 0.5% per trade.

For HOOD's stock, this is a strong long-term growth catalyst, affirming the aggressive expansion of the fintech giant into the international market following the recent integration of the European exchange Bitstamp.

​#Robinhood #WonderFi #CryptoAcquisition #Bitbuy #Coinsquare