US stock and crypto trading giant Robinhood has officially crossed the northern border, completing its $180 million stock acquisition of Canadian digital asset platform WonderFi. The strategic buyout grants Robinhood immediate operational licenses and regulatory approvals in Canada, effectively bringing two of the country’s largest homegrown cryptocurrency exchanges, Bitbuy and Coinsquare, under its global banner.
The move instantly scales Robinhood’s international footprint, absorbing roughly 300,000 funded Canadian users and pushing its global non-US customer base past the 1 million milestone. WonderFi’s leadership team and employee base will integrate into Robinhood’s existing Canadian team, which has functioned as a Toronto-based technology and engineering hub since 2024.
“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,” Johann Kerbrat, SVP and GM of Robinhood Crypto & International, stated.
Capitalizing on a Growing Crypto Corridor
The acquisition allows Robinhood to inherit an established, cash-generative ecosystem. WonderFi previously disclosed that the combined revenue for Bitbuy and Coinsquare hit $49.8 million in 2025. While crypto ownership in Canada hovers at a modest 4.1% of the population, market research emphasizes massive long-term tailwinds.
Analytics and consulting firm Grand View Research reported that the Canadian crypto market generated $263 million in 2025, primarily powered by hardware demands. Furthermore, the firm tags Canada as the fastest-growing regional market in North America, projecting total revenue to eclipse $1 billion by 2033.
The financial terms of the deal trace back to an initial agreement penned in May 2025, valued at 36 Canadian cents per common share ($0.26 USD). Leading up to the close, WonderFi’s stock had been steadily consolidating between 34 and 36 Canadian cents. Canadian retail traders transitioning to the incoming brand are expected to gain access to the global Robinhood application interface, featuring a flat 0.5% fee per CAD transaction.
Diversification Amidst a Busy 2026 Roadmap
This international expansion arrives as Robinhood rapidly diversifies its core product matrix away from traditional domestic brokerage services. Earlier in April 2026, the firm secured a high-profile nod to serve as the primary brokerage and initial trustee for Trump Accounts, a newly introduced tax-advantaged investment program tailored for children.
Simultaneously, Robinhood is doubling down on native Web3 infrastructure. In February 2026, the company deployed its proprietary Ethereum Layer-2 network on a public testnet, clocking an impressive 4 million transactions in its inaugural week of public testing. With a mainnet launch slated for later this year, the WonderFi infrastructure provides a heavily regulated sandbox to roll out these advanced, low-fee on-chain financial products directly to the Canadian public.
