Robinhood has officially entered the Canadian crypto market by completing its $180 million acquisition of WonderFi, a major Canadian crypto technology company.
The deal gives Robinhood control of Bitbuy and Coinsquare, two of Canada’s largest regulated crypto exchanges. It also gives the company important regulatory approvals and licenses to help speed up its expansion in the region.
Robinhood Crypto and International General Manager Johann Kerbrat said WonderFi’s experience running regulated crypto platforms makes it the right partner for Robinhood’s Canadian plans.
The acquisition also adds about 300,000 funded customer accounts to Robinhood.
Canada is now one of the fastest-growing crypto markets in North America. Industry estimates say over 4% of Canadians own digital assets, and market revenue could top $1 billion by 2033.
WonderFi’s current management team and employees will stay on after the acquisition, helping keep things running smoothly for customers.
This move is another key step in Robinhood’s international expansion as competition among crypto platforms heats up worldwide.
Robinhood has officially arrived in Canada. 🇨🇦
We’ve closed our acquisition of WonderFi, marking our entry into Canada through one of the most well-respected crypto platforms in the country.
With 1 million international funded customers, Robinhood’s mission is going global. https://t.co/Mp724Od08D
— Vlad Tenev (@vladtenev) June 1, 2026
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