Robinhood enters Canada after $180 million WonderFi acquisition
Robinhood has entered Canada by completing a $180 million stock acquisition of WonderFi, a local crypto technology company. The deal gives Robinhood WonderFi’s Canadian licenses and regulatory approvals, bringing crypto exchanges Bitbuy and Coinsquare under its umbrella. Robinhood expects to add about 300,000 funded customers from WonderFi, and WonderFi’s leadership and employees will remain in place. WonderFi’s platforms are among Canada’s largest crypto exchanges and generated $49.8 million in combined revenue in 2025. Robinhood said the acquisition helps accelerate its crypto expansion in a fast-growing Canadian market, where roughly 4.1% of Canadians own crypto. Robinhood and WonderFi had agreed to the deal last May at 36 Canadian cents per share.
