What did Robinhood acquire in Canada?

Robinhood completed its $180 million acquisition of WonderFi, a Canadian digital asset services company. The deal gives Robinhood ownership of crypto trading platforms Bitbuy and Coinsquare and strengthens its presence in Canada's regulated crypto market.

Why is the WonderFi acquisition important for Robinhood?

The acquisition marks Robinhood's formal entry into the Canadian cryptocurrency market. It also expands the company's international footprint and supports its strategy of becoming a global digital asset platform.

How many customers does Robinhood gain from the WonderFi deal?

Robinhood gains approximately 300,000 funded customers through WonderFi. This increases Robinhood's total funded customer base outside the United States to more than one million.

What will happen to Bitbuy and Coinsquare users?

Robinhood plans to integrate Bitbuy and Coinsquare into its ecosystem. Customers of both platforms will be invited to continue using crypto services through the Robinhood app.

Why did Robinhood choose WonderFi?

According to Robinhood, WonderFi has extensive experience operating regulated crypto platforms for both beginner and advanced investors. This regulatory experience makes it a strategic entry point into the Canadian market.

How does this acquisition fit into Robinhood's crypto strategy?

The WonderFi deal is part of Robinhood's broader international expansion strategy. It follows the company's acquisition of Bitstamp and reflects its efforts to build a larger global crypto and institutional trading business.

What does this mean for Robinhood's institutional crypto business?

Robinhood said it will continue supporting WonderFi's existing institutional partnerships. The acquisition could help expand services for professional investors and complement the institutional capabilities gained through Bitstamp.

Is Canada an important crypto market for Robinhood?

Yes. Canada has a regulated cryptocurrency industry and a growing base of digital asset investors. Establishing a presence there gives Robinhood access to a new market while diversifying revenue beyond the United States.

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Robinhood completes WonderFi takeover in Canada

Written by Jon CuthbertPublished Jun 2, 2026, 6:47 AM

Robinhood Markets has completed its $180 million acquisition of Canadian digital asset services company WonderFi, marking the trading platform's formal entry into Canada's regulated cryptocurrency market.

The acquisition brings WonderFi's crypto platforms, Bitbuy and Coinsquare, under Robinhood's ownership, with users expected to be invited to continue their services through the Robinhood app.

“WonderFi has extensive experience operating regulated crypto platforms that serve beginner and advanced crypto users alike, making it an ideal partner to accelerate Robinhood’s mission in Canada,”

Said Johann Kerbrat, Senior Vice President and General Manager of Robinhood Crypto & International.

Robinhood said it will continue supporting WonderFi's existing institutional partnerships, helping expand the company's growing institutional crypto business following its acquisition of Bitstamp.

The transaction adds approximately 300,000 funded customers to Robinhood's international operations, taking its total number of funded customers outside the United States to more than one million.

Robinhood first announced the WonderFi acquisition in May 2025 as part of its strategy to expand beyond the US market and strengthen its position in global cryptocurrency trading.

Despite the completion of the deal, Robinhood shares closed 3.8% lower at $90.73 on Monday and remain down more than 21% since the start of the year.