Trending Now - Robinhood Expands to Canada With $180M Wonderfi Deal

WHO:

NewsBTC - Robinhood Markets acquired WonderFi, a Canadian leader in digital asset products and services.

Cointelegraph - Robinhood controls local crypto exchanges Bitbuy and Coinsquare through the acquisition.

WHAT:

NewsBTC - Robinhood's acquisition of WonderFi was valued at approximately $180 million.

NewsBTC - The acquisition brought 300,000 new funded customers into Robinhood's ecosystem.

NewsBTC - Robinhood's total international funded customer base surpassed 1 million for the first time.

NewsBTC - Canadian users will have access to a flat 0.5% fee per CAD trade under the new structure.

WHERE:

NewsBTC - The acquisition marks Robinhood's formal entry into Canada.

NewsBTC - Robinhood established a Canadian headquarters in Toronto in 2024.

WHEN:

NewsBTC - The acquisition was officially announced on June 1, 2026.

NewsBTC - Robinhood acquired Bitstamp, a European exchange, in 2023.

WHY:

NewsBTC - The acquisition allows Robinhood to enter the Canadian market through established licensed platforms rather than building a regulatory presence from scratch.

NewsBTC - Johann Kerbrat stated that WonderFi's experience made it an ideal partner to accelerate Robinhood's mission in Canada.

HOW:

NewsBTC - Robinhood acquired two established regulated platforms, Bitbuy and Coinsquare, to gain immediate user acquisition and market presence.

(UPDATED June 2, 2026 12:20 UTC)

Robinhood Markets has officially entered the Canadian market by acquiring WonderFi, a leader in digital asset products and services, for approximately $180 million. This acquisition not only brings 300,000 new funded customers into Robinhood's ecosystem but also allows the company to control local crypto exchanges Bitbuy and Coinsquare, pushing its total international funded customer base past 1 million for the first time. Canadian users will benefit from a flat 0.5% fee per CAD trade under the new structure, marking a significant expansion for Robinhood since establishing its Canadian headquarters in Toronto in 2024.