TLDR
- Robinhood closed its $180 million WonderFi deal and entered Canada’s regulated crypto trading market directly.
- Bitbuy and Coinsquare users will receive invitations to continue trading through Robinhood’s app in Canada.
- WonderFi brings 300,000 funded customers, raising Robinhood’s non-U.S. funded customer base above one million globally.
- Robinhood said WonderFi’s regulated platforms can support beginner and advanced crypto users in Canada alike.
- The purchase follows Robinhood’s Bitstamp deal and broader plans for international crypto expansion across markets.
Robinhood has officially entered Canada’s regulated crypto market after closing its $180 million WonderFi acquisition. The deal brings Bitbuy and Coinsquare under Robinhood’s network, adds 300,000 funded customers, and supports the company’s wider push to grow beyond the United States through regulated crypto platforms and institutional partnerships.
Deal brings Canadian platforms into Robinhood
Robinhood Markets has completed its $180 million acquisition of WonderFi, a Toronto-based digital asset services company. The closing moves Robinhood into Canada’s regulated crypto market and adds two local platforms to its business.
WonderFi operates Bitbuy and Coinsquare, which serve Canadian crypto users under local rules. Robinhood said users of both platforms will be invited to continue through the Robinhood app. The move marks a direct Canadian entry for Robinhood.
Robinhood $HOOD just closed its acquisition of WonderFi and has entered Canada 🇨🇦 for the first time pic.twitter.com/579rRZD0xu
— Evan (@StockMKTNewz) June 1, 2026
Johann Kerbrat, SVP and general manager of Robinhood Crypto and International, linked the purchase to that goal. He said WonderFi has “extensive experience operating regulated crypto platforms.” He also said the firm serves “beginner and advanced crypto users alike.” Robinhood said it will keep supporting WonderFi’s partnerships with local institutions. That step may help Robinhood build its institutional business in Canada.
WonderFi adds customers and local reach
WonderFi brings about 300,000 funded customers to Robinhood. Robinhood said the deal raises its funded customer base outside the United States above one million. The two Canadian exchanges have become known names in the country’s regulated digital asset sector.
WonderFi disclosed in March that Bitbuy and Coinsquare generated $49.8 million in combined revenue during 2025. That gives Robinhood an existing revenue base in Canada. The companies first announced the acquisition in May 2025. The transaction was then valued at about C$250 million, and the target closing date was late 2025.
The deadline was later extended so Robinhood could complete regulatory steps and prepare its technology for Canada. The extra period also gave both sides time to align trading systems and local compliance processes.
Purchase fits global crypto expansion strategy
The WonderFi purchase follows Robinhood’s 2025 acquisition of Bitstamp. Robinhood said the Bitstamp deal helped establish its institutional crypto business. The company now plans to use WonderFi’s Canadian presence alongside its wider international strategy.
It has also worked on new trading tools, payment products, and blockchain infrastructure. Late last month, Robinhood introduced Agentic Trading and an Agentic Credit Card service.
Robinhood said those accounts remain separate from primary portfolios and financial accounts. The company said users can set limits for automated actions. It has also launched an Ethereum layer-2 network on a public testnet.
A mainnet launch is planned for later this year. The Canadian entry comes as Robinhood’s crypto revenue has fallen from last year. The company reported $134 million in crypto revenue for the first quarter of 2026.
