Robinhood enters Canada after $180 million WonderFi acquisition

Robinhood will enter Canada after its WonderFi acquisition brought local crypto exchanges Bitbuy and Coinsquare under its control.

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.

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