Robinhood Slips to 14th in Trading Volume as WonderFi Acquisition Nears Completion

On July 21, 2025, Robinhood Markets (HOOD) experienced a decline of 4.92%, with a trading volume of 49.48 billion, marking a 39.37% decrease from the previous day. This placed Robinhood at the 14th position in terms of trading volume for the day.

Robinhood's acquisition of WonderFi Technologies Inc. has received final approval from the Supreme Court of British Columbia. This acquisition is expected to be completed in the second half of 2025, following the receipt of necessary regulatory clearances. The deal involves Robinhood's subsidiary acquiring all outstanding shares of WonderFi for C$0.36 per share.

Mogo Inc., a significant shareholder in WonderFi, has expressed optimism about the acquisition. Greg Feller, President of Mogo, highlighted that the transaction will unlock significant liquidity, strengthening Mogo's balance sheet and enhancing its strategic flexibility. Mogo plans to use the proceeds to expand its Bitcoin treasury strategy and make strategic investments in its digital finance platform.

Mogo, which was among the first publicly traded companies in Canada to adopt Bitcoin as a treasury asset, has consistently advocated for Bitcoin's long-term value. The company recently approved an expanded Bitcoin treasury authorization of up to C$50 million and expects to update shareholders following the closing of the WonderFi transaction.