Robinhood Just Acquired Canada’s Biggest Crypto Platform — And Brought 300,000 New Customers With It
Robinhood completed its acquisition of Canadian crypto platform WonderFi, officially entering the Canadian market and lifting its global funded customer base above 1 million. The deal brings Bitbuy and Coinsquare under the Robinhood brand and transfers about 300,000 funded users into its ecosystem. Canadian users are expected to get lower-cost trading and a redesigned experience through the Robinhood app, including a flat 0.5% fee per CAD trade. Robinhood said it will keep WonderFi’s institutional relationships in place while expanding its own institutional business. The acquisition gives Robinhood an immediate regulated presence in Canada, with existing licenses, compliance infrastructure, and a sizable local workforce. It marks a faster, more established route to international expansion than building a market presence from scratch.
