Robinhood has officially entered the Canadian market, closing its acquisition of WonderFi and bringing one of the country’s best-known digital asset operators under its global financial services platform.
The deal gives Robinhood control of Bitbuy and Coinsquare, two of Canada’s longest-standing regulated crypto platforms, and marks a major step in the U.S. company’s international expansion strategy.
Robinhood said the acquisition positions the company to deliver “trusted, innovative crypto offerings” to Canadians while expanding its vision of building a global financial ecosystem.
“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, SVP and General Manager of Robinhood Crypto & International. “We’re pleased to have closed our acquisition and look forward to delivering innovative, user-centric investing products to Canadian customers.”
WonderFi’s crypto platforms, Bitbuy and Coinsquare, will become part of the Robinhood brand. Canadian customers will be invited to download the Robinhood app, with access to a flat 0.5% fee per CAD trade, along with Robinhood’s user interface and globally scaled infrastructure.
The acquisition also brings approximately 300,000 funded customers from WonderFi into Robinhood’s international business. Robinhood said it now has more than 1 million international funded customers.
WonderFi employees will join Robinhood’s Canadian team, which now includes more than 240 employees in the country. Robinhood established its Canadian headquarters in Toronto in 2024 as an engineering hub, citing Canada’s deep pool of technology talent.
The transaction was first announced in 2025 as an all-cash deal valued at approximately $250 million, with Robinhood agreeing to acquire all issued and outstanding common shares of WonderFi for $0.36 per share.
The acquisition gives Robinhood an immediate foothold in Canada’s regulated crypto market at a time when fintech companies continue to look beyond traditional brokerage and banking products to build broader financial platforms.
For WonderFi, the deal represents the next chapter for a company that helped consolidate several of Canada’s most recognizable crypto brands. For Robinhood, it provides a regulated entry point into Canada and a foundation for future product expansion in the market.
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