Hassan Maishera
TL;DR
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Robinhood announced Monday that it completed the acquisition of WonderFi.
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The company added that users of Canadian crypto platforms Bitbuy and Coinsquare will be invited to continue on the Robinhood app.
Robinhood Completes WonderFi Acquisition
Robinhood Markets has completed its $180 million acquisition of Toronto-based crypto firm WonderFi, according to a Monday announcement.
The deal marks a major step in Robinhood’s ongoing expansion into global digital asset markets, particularly in regulated jurisdictions such as Canada.
WonderFi operates two of Canada’s regulated cryptocurrency exchanges, Bitbuy and Coinsquare, both of which will now be integrated into Robinhood’s ecosystem.
Robinhood said existing users of these platforms will be transitioned into its broader app, as the company works to unify its crypto offerings under a single global brand.
According to Robinhood, the acquisition is intended to support its growing international crypto strategy and deepen its relationships with regulated financial institutions in Canada.
The company also highlighted that it will continue supporting WonderFi’s existing institutional partnerships, a move expected to bolster its expanding institutional crypto business following its earlier acquisition of Bitstamp.
While commenting on the deal, Johann Kerbrat, SVP, General Manager of Robinhood Crypto & International, stated that,
“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. We’re pleased to have closed our acquisition and look forward to delivering innovative, user-centric investing products to Canadian customers.”
Over One Million International Customers Now on Robinhood
With the addition of WonderFi, Robinhood says it now serves more than one million funded customers outside the United States, including approximately 300,000 users gained through the Canadian acquisition.
The company first announced plans to acquire WonderFi in May 2025 as part of a broader push to scale its presence in international crypto markets. While the deal was initially expected to close in the second half of 2025, the timeline was extended to allow for regulatory approvals and the integration of Robinhood’s proprietary technology in Canada.
Robinhood Markets has increasingly focused on expanding its crypto footprint beyond the United States, aiming to compete more directly with global digital asset platforms in regulated markets.
