The crypto industry, which is staging a comeback under U.S. President Donald Trump, has seen a flurry of tie-ups in 2025, including Coinbase's $2.9 billion purchase of Deribit and Ripple's $1.25 billion acquisition of prime brokerage firm Hidden Road. Robinhood had struck a $200 million deal for crypto exchange Bitstamp last year. WonderFi's brands include crypto exchanges Bitbuy and Coinsquare.
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Foot Locker has been struggling with flagging sales for years prior to the acquisition.
