Robinhood Markets has finalized its acquisition of WonderFi Technologies for approximately C$250 million, paying C$0.36 per share in cash. Following the deal, WonderFi's shares will be delisted from the Toronto Stock Exchange, and the company will cease to be a reporting issuer under Canadian securities laws. This acquisition expands Robinhood's presence in the crypto and digital asset sector, as WonderFi operates regulated trading platforms and owns brands like Bitbuy and Coinsquare. Investors holding WonderFi shares must follow the outlined procedures to receive payment, while the company will now operate as a wholly-owned subsidiary of Robinhood.
In May, three ALPS ETFs—ACES, OGIG, and DTEC—each gained more than 10%, driven by a shift from traditional energy to technology sectors. The ALPS Clean Energy ETF (ACES) led with a 19.4% gain, reflecting strong interest in renewables amid a decline i...
Robinhood Markets' stock dropped sharply after the US Supreme Court asked the Trump administration to weigh in on whether to hear a lawsuit accusing Robinhood of misleading investors about its financial health before its 2021 IPO. The lawsuit claims ...
CME Group has introduced 24/7 trading for cryptocurrency futures and options, starting May 29, allowing global investors continuous access to regulated digital asset markets. The launch saw over 7,200 contracts traded during the first weekend, showin...
