What to Know:
- Robinhood WonderFi Collab has completed its $180 million.
- The deal adds 300,000 Canadian customers and expands Robinhood’s global crypto reach.
- WonderFi’s regulated platforms Bitbuy and Coinsquare will now operate under Robinhood.
Robinhood WonderFi is now officially part of the U.S.-based trading giant’s growing crypto business. Robinhood Markets announced on Monday that it has completed its $180 million acquisition of Toronto-based digital asset services firm WonderFi.
The acquisition gives Robinhood control of Bitbuy and Coinsquare, two of Canada’s regulated cryptocurrency trading platforms. Users of these platforms will be invited to continue their crypto activities through the Robinhood app.
The deal marks another major step in Robinhood’s international expansion strategy. The company first announced plans to acquire WonderFi in May 2025. While the transaction was expected to close in the second half of that year, the deadline was extended to allow Robinhood to deploy its proprietary technology in Canada and secure regulatory approvals.
Also Read: Robinhood Launches Powerful AI Trading Agents With Strict Fund Controls
Robinhood WonderFi Expands Canadian Presence
The addition of WonderFi significantly strengthens Robinhood’s footprint in Canada. The company said the acquisition brings more than 300,000 funded customers into its ecosystem, pushing its total number of funded customers outside the United States above 1 million.
Johann Kerbrat, Senior Vice President and General Manager of Robinhood Crypto & International, praised the acquisition. He noted that WonderFi’s experience operating regulated crypto platforms for both beginner and advanced traders makes it a strong fit for Robinhood’s long-term goals.
Canada has become an increasingly important market for digital asset firms. By acquiring an established local operator, Robinhood gains immediate access to a regulated customer base and existing institutional relationships.
Robinhood WonderFi Acquisition Strengthens Institutional Crypto Strategy
Robinhood also confirmed it will continue supporting WonderFi’s partnerships with local financial institutions. Robinhood WonderFi collaboration could help accelerate the growth of its institutional crypto business.
The company has already expanded in this area through its acquisition of Bitstamp last year. The WonderFi deal adds another layer to that strategy by combining retail and institutional crypto services under one umbrella.
Despite the positive development, Robinhood’s stock faced pressure on Monday. Shares of Robinhood (HOOD) fell 3.8% to close at $90.73. The stock is now down 21.3% year-to-date.
Even so, the completed acquisition highlights Robinhood’s commitment to expanding its crypto business beyond U.S. borders and building a stronger presence in global digital asset markets.
Also Read: Robinhood Regulatory Approval Clears Path for WonderFi Deal
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