The Globe and Mail reports in its Wednesday edition that popular commission-free U.S. brokerage Robinhood Markets is entering the Canadian market with a $250-million deal to acquire cryptocurrency player Wonderfi Technologies. The Globe's Alexandra Posadzki writes that the deal, which is subject to shareholder approval, values Wonderfi at 36 cents a share, representing a 41-per-cent premium over its closing price on Monday. Wonderfi closed at 34.5 cents per share, up nine cents Tuesday on the Toronto Stock Exchange. The acquisition is the latest example of consolidation in a sector that has surged in recent months because of support from U.S. President Donald Trump, who branded himself as the pro-crypto candidate during the 2024 election campaign. Since his return to office, U.S. regulators have pulled back on cryptocurrency-related enforcement. Dean Skurka, Wonderfi's chief executive officer, told The Globe, "With the likelihood of favourable regulation in the U.S. with the current administration, we expect the industry to become more mainstream." Wonderfi was appealing to Robinhood because it is regulated, owns two recognized brands -- Coinsquare and BitBuy -- and has more than $2.1-billion in client assets.