Robinhood expands into Canada with acquisition of WonderFi
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $205*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
TORONTO – U.S. online trading platform Robinhood Markets Inc. has expanded into the Canadian market with the closing of its acquisition of cryptocurrency firm WonderFi.
WonderFi’s regulated crypto platforms, Bitbuy and Coinsquare, will become part of the Robinhood brand. Canadian customers will be invited to download the Robinhood trading app, the American company said Monday.
The two companies announced the deal worth $250 million just over a year ago.
“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,” said Johann Kerbrat, general manager of crypto and international at Robinhood.
“We’re pleased to have closed our acquisition and look forward to delivering innovative, user-centric investing products to Canadian customers.”
The acquisition brings Robinhood’s international funded customer base to one million, an increase of 300,000.
WonderFi employees are to join the 240 Robinhood workers already in Canada. Robinhood established a Canadian headquarters in Toronto in 2024 as an engineering hub.
This report by The Canadian Press was first published June 1, 2026.
Companies in this story: (TSX:WNDR)