Robinhood enters Canada after $180 million WonderFi acquisition

Stock and crypto trading platform 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 in the country.

Robinhood said on Monday that the acquisition marks the platform’s entry into Canada and will see crypto exchanges Bitbuy and Coinsquare come under the company’s banner.

Bitbuy and Coinsquare are among Canada’s largest crypto exchanges. 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 in a statement 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.”

Source: Vlad Tenev

Crypto payments company Triple A estimated that roughly 4.1% of Canadians own crypto, while the analytics and consulting firm Grand View Research estimated that the