WonderFi Reports Second Quarter 2025 Results

Core Insights - WonderFi Technologies Inc. reported approximately $10.8 million in revenue and interest income for the quarter ended June 30, 2025 [1][9] - The company's trading platforms, Bitbuy and Coinsquare, surpassed $1.9 billion in client assets under custody as of June 30, 2025 [1][9] - WonderFi is positioned to close its proposed acquisition by Robinhood in the second half of 2025, pending customary closing conditions [4] Financial Performance - For Q1 2025, WonderFi achieved approximately $10.8 million in revenue and interest income [9] - The total client assets under custody for Bitbuy and Coinsquare reached over $1.9 billion as of June 30, 2025 [1][9] Acquisition Details - On May 13, 2025, WonderFi announced a definitive agreement with Robinhood Markets, Inc. for an acquisition at $0.36 per common share [9] - The special resolution authorizing the acquisition was approved by WonderFi securityholders on July 17, 2025 [9] - The Supreme Court of British Columbia issued a final order approving the acquisition on July 21, 2025 [9] Company Overview - WonderFi is a leader in both centralized and decentralized financial services, with a focus on the global digital asset ecosystem [6][7] - The company has a proven track record of launching new products and obtaining registrations, owning market-leading brands such as Bitbuy, Coinsquare, and Bitcoin.ca [7]