Robinhood Markets has completed its acquisition of WonderFi, a leading Canadian company in digital asset products and services. This marks the US trading platform’s official entry into Canada and, for the first time, pushes its total international funded customer base past 1 million, according to the company’s official announcement on June 1, 2026.
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WonderFi operates two of Canada’s longest-standing regulated crypto platforms — Bitbuy and Coinsquare — both of which will now be rebranded under Robinhood. The roughly 300,000 funded customers already using those platforms will be transferred directly into Robinhood’s ecosystem, according to the announcement. This represents one of the most significant immediate user acquisitions any crypto-focused platform has made through a merger or acquisition in recent memory.
BTC’s price trends to the downside on the daily chart, Source: BTCUSD on Tradingview
What Canadian Users Get
For Canadian customers, the Robinhood acquisition brings a clear upgrade in cost and experience. Under the new setup, users will be invited to download the Robinhood app, giving them access to a flat 0.5% fee per CAD trade — a pricing model Robinhood says is lower than current market rates. They’ll also get Robinhood’s user-friendly interface and its globally scaled platform infrastructure, per the official announcement.
WonderFi’s existing institutional relationships in Canada will continue under Robinhood’s ownership. The company says it will build on those partnerships alongside the institutional business it already has through Bitstamp, the European exchange Robinhood acquired in 2023, according to the press release.
Johann Kerbrat, SVP and General Manager of Robinhood Crypto and International, said in the announcement that WonderFi’s extensive experience running regulated crypto platforms — serving both beginners and advanced users — made it an ideal partner to speed up Robinhood’s mission in Canada.
A Global Expansion Play With Real Infrastructure
The WonderFi deal isn’t Robinhood’s first international move, but it’s one of its most complete. Instead of building a Canadian regulatory presence from scratch, Robinhood acquired two established, licensed platforms with existing user bases, compliance frameworks, and institutional relationships. This is a much faster way to gain a meaningful market presence than entering organically.
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The Canadian headquarters Robinhood set up in Toronto in 2024 as an engineering hub now works alongside more than 240 employees based in the country. Combined with WonderFi staff, this gives Robinhood a strong operational presence in Canada from day one, per the announcement.
This development marks a key moment for the consolidation phase of the emerging crypto sector in North America. Robinhood’s entry into Canada through a regulated acquisition — not a gray-area expansion — follows the same institutional strategy reshaping crypto exchange ownership in South Korea and Europe: established financial platforms buying regulated local infrastructure instead of testing regulatory limits from the outside.
Cover image from ChatGPT, BTCUSD chart from Tradingview
Frequently Asked Questions
Here is a list of FAQs about Robinhoods acquisition of Canadas largest crypto platform written in a natural conversational tone with clear answers
General Questions
1 Wait Robinhood bought a Canadian crypto company Which one
Yes Robinhood acquired WonderFi which owned Canadas largest regulated crypto exchange Bitbuy as well as another platform called Coinsquare
2 How many new customers did Robinhood get from this deal
They gained about 300000 new funded accounts right away
3 Does this mean I can now use Robinhood in Canada
Yes but only for crypto trading right now Robinhood already had a Canadian crypto app but this deal lets them take over Bitbuys existing user base and expand quickly
4 Is this a good thing for Canadian crypto users
It could be Robinhood is known for low fees and a simple app However some users prefer Bitbuys original platform so change might be a little bumpy
For Existing Bitbuy WonderFi Users
5 I have an account with Bitbuy What happens to my money and crypto
Your funds and crypto are safe Over time Robinhood will migrate your account to their platform Youll get a notice before anything changes and you can still trade normally in the meantime
6 Do I have to create a new Robinhood account
Eventually yes Robinhood will ask you to link or transfer your account You wont lose your crypto but youll need to sign up for a Robinhood account to keep using the service
7 Will my trading fees change
Probably Robinhood is famous for zero commission stock and ETF trades and they offer very low spreads on crypto Expect fees to drop compared to Bitbuys older pricing
Advanced Technical Questions
8 Why did Robinhood buy a Canadian company instead of just launching here
Because Canada has strict crypto regulations Buying WonderFi gave Robinhood an immediate license and compliance framework plus 300000 users instantly Its faster than building from scratch
9 Does this mean Robinhood will offer stocks and options in Canada now
Not yet This deal is specifically for