Robinhood Just Acquired Canada’s Biggest Crypto Platform — And Brought 300,000 New Customers With It

Robinhood Markets has closed its acquisition of WonderFi, a Canadian leader in digital asset products and services, marking the US trading platform’s formal entry into Canada and pushing its total international funded customer base past 1 million for the first time, per the company’s official announcement on June 1, 2026. Related Reading: The Bitcoin Retracement Rally And The Resistance Level That Could End It All WonderFi operates two of Canada’s longest-standing regulated crypto platforms — Bitbuy and Coinsquare — both of which will now carry the Robinhood brand. The approximately 300,000 funded customers already using those platforms transfer directly into Robinhood’s ecosystem, per the announcement, representing one of the more meaningful immediate user acquisitions any crypto-facing platform has made through an M&A transaction 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 delivers a concrete upgrade on cost and experience. Under the new structure, users will be invited to download the Robinhood app, gaining access to a flat 0.5% fee per CAD trade — a pricing model Robinhood describes as lower than existing market rates — alongside Robinhood’s consumer interface and its globally scaled platform infrastructure, per the official announcement. WonderFi’s existing institutional relationships in Canada will be maintained under Robinhood’s ownership, with the company stating it will continue building on those partnerships alongside the institutional business it has already established through Bitstamp, the European exchange Robinhood acquired in 2023, per the press release. Johann Kerbrat, SVP and General Manager of Robinhood Crypto and International, said in the announcement that WonderFi’s extensive experience operating regulated crypto platforms — serving both beginner and advanced users — made it an ideal partner to accelerate Robinhood’s mission in Canada. A Global Expansion Play With Real Infrastructure The WonderFi deal is not Robinhood’s first international move but it is among its most structurally complete. Rather than building a Canadian regulatory presence from scratch, Robinhood acquired two established licensed platforms with existing user bases, compliance frameworks, and institutional relationships — a considerably faster path to meaningful market presence than organic entry would have allowed. Related Reading: Binance Unveils Trading Access To Over 7,000 US Stocks, ETFs—And Adds A New Tokenization Plan The Canadian headquarters Robinhood established in Toronto in 2024 as an engineering hub now sits alongside more than 240 employees based in the country — a workforce that, combined with WonderFi staff, gives Robinhood a substantial operational footprint north of the border from day one, per the announcement. This development marks a pivotal moment for the nascent sector’s consolidation phase in North America. Robinhood entering Canada through a regulated acquisition — not a gray-area expansion — reflects the same institutional playbook reshaping crypto exchange ownership in South Korea and Europe simultaneously: established financial platforms acquiring regulated local infrastructure rather than testing regulatory limits from the outside. Cover image from ChatGPT, BTCUSD chart from Tradingview