Robinhood Enters Canada Crypto Market With $180M WonderFi Deal

Robinhood has entered the Canadian market after closing a $180 million stock acquisition of local crypto technology company WonderFi, gaining the company’s licenses and regulatory approvals. The deal brings crypto exchanges Bitbuy and Coinsquare under Robinhood’s banner; both are among Canada’s largest.

WonderFi disclosed in March that the platforms generated combined revenue of $49.8 million in 2025. Johann Kerbrat, the general manager of Robinhood Crypto and International, said 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." Robinhood said WonderFi’s employees, including the leadership team, will remain in place and that the company expects to gain about 300,000 funded customers from the deal.

Canada

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