Robinhood Completes WonderFi Acquisition, Expands Crypto Reach in Canada

Robinhood Markets has officially completed its acquisition of WonderFi, a leading Canadian digital asset company, marking a major step in the trading platform’s international expansion strategy.

According to the official press release, the acquisition gives Robinhood immediate control over more than C$2 billion in assets under custody. With the transaction finalized on June 1, WonderFi’s common shares are slated to be officially de-listed from the Toronto Stock Exchange (TSX) at the close of trading on June 2, 2026. 

The acquisition allows Robinhood to completely bypass years of complex local licensing procedures by inheriting a fully operational and compliant Canadian infrastructure. 

Robinhood enters Canadian crypto market

The completed acquisition represents Robinhood’s formal entry into Canada’s digital asset market, allowing the company to leverage WonderFi’s regulatory experience and existing customer base.

According to Robinhood, Canadian users will gradually be invited to transition to the Robinhood platform, where they will gain access to the company’s trading interface, infrastructure, and a flat 0.5% fee per Canadian dollar crypto trade.

“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.

“We’re pleased to have closed our acquisition and look forward to delivering innovative, user-centric investing products to Canadian customers,” he added.

The dual engines: Bitbuy and Coinsquare

As part of the transaction, WonderFi’s flagship platforms, Bitbuy and Coinsquare, will become part of the Robinhood brand.

Both exchanges are among Canada’s most established regulated crypto platforms and have built a significant user base across retail and institutional markets.

Robinhood said it plans to continue supporting WonderFi’s institutional relationships while integrating them into its broader crypto and financial services ecosystem.

The move also complements Robinhood’s growing institutional crypto ambitions following its acquisition of crypto exchange Bitstamp, which expanded the company’s reach among professional and institutional investors.

With the addition of WonderFi’s customers, Robinhood’s international presence continues to grow rapidly. The company revealed that it now serves more than one million funded international customers, including roughly 300,000 accounts acquired through WonderFi.

The milestone reflects Robinhood’s broader goal of building what it describes as a global financial ecosystem that combines trading, investing, and digital asset services under a single platform.

Canada becomes key growth market

Robinhood has steadily increased its presence in Canada in recent years. The company established its Canadian headquarters in Toronto in 2024, primarily as an engineering hub focused on product development and technology.

Following the WonderFi acquisition, Robinhood will add WonderFi’s workforce to its existing Canadian operations, which already employ more than 240 people.

The expansion highlights Canada’s growing importance within Robinhood’s global strategy as competition among crypto exchanges and fintech firms intensifies across international markets.

The WonderFi acquisition comes as Robinhood continues to broaden its crypto offerings beyond the United States through acquisitions, regulatory expansion, and international market entries.

By combining WonderFi’s regulated Canadian infrastructure with Robinhood’s global trading platform, the company aims to strengthen its position in the rapidly evolving digital asset industry while bringing its crypto services to a larger global audience.

Also read: Charles Schwab Targets Mid-2027 Rollout of Advisor Crypto Services