- Robinhood has entered the Canadian market by completing a $180 million stock acquisition of crypto firm WonderFi.
- The deal gives Robinhood control of major Canadian exchanges Bitbuy and Coinsquare, which generated combined revenue of $49.8 million in 2025.
- The company expects to gain about 300,000 funded customers and WonderFi‘s regulatory licenses and experienced team.
- Analysts project the Canadian crypto market, a fast-growing region, could surpass $1 billion in revenue by 2033.
In a major expansion move, stock and crypto trading platform Robinhood officially entered the Canadian market on Monday after finalizing its $180 million acquisition of local crypto technology company WonderFi. The deal, first agreed upon last May, provides Robinhood with WonderFi‘s licenses and regulatory approvals, instantly positioning it within a significant regional market.
Consequently, this acquisition brings two of Canada‘s largest crypto exchanges, Bitbuy and Coinsquare, under the Robinhood banner. WonderFi disclosed in March that these platforms generated combined revenue of $49.8 million in 2025.
Johann Kerbrat, General Manager of Robinhood Crypto and 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.”
The Canadian crypto landscape is growing rapidly, with analytics firm Grand View Research estimating the market generated around $263 million in revenue in 2025. The firm also projects total revenue will surpass $1 billion by 2033.
Meanwhile, Robinhood said WonderFi‘s employees and leadership team will stay on as part of the deal. The company also expects to gain approximately 300,000 funded customers from the acquisition.
The agreement was initially made at 36 Canadian cents per common share, or about $0.26. WonderFi‘s stock has been trading between 34 and 36 Canadian cents for the last month, according to Google Finance.
This international expansion follows Robinhood‘s continued product development, including the launch of an Ethereum layer-2 network on a testnet in February. CEO Vlad Tenev said the network processed 4 million transactions in its first week of public testnet activity.
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