Robinhood Completes $180 Million WonderFi Acquisition to Expand Canadian Crypto Business

Robinhood has officially completed its $180 million acquisition of Canadian digital asset company WonderFi, marking a significant step in the trading platform’s international cryptocurrency expansion strategy.

Robinhood Strengthens Presence in Canada’s Crypto Market

The acquisition brings WonderFi’s regulated cryptocurrency businesses, including Bitbuy and Coinsquare, under Robinhood’s ownership. Customers using both platforms will be invited to continue their crypto trading activities through the Robinhood application.

According to Robinhood, WonderFi’s experience operating regulated crypto services for both beginner and advanced investors makes it a strong addition to the company’s growing international business.

More Than One Million International Customers

The transaction adds approximately 300,000 funded customers to Robinhood’s global user base, pushing its total number of funded customers outside the United States above one million.

Robinhood also stated that existing partnerships between WonderFi and Canadian financial institutions will remain in place. The company expects these relationships to support the continued growth of its institutional crypto business.

International Expansion Strategy Continues

Robinhood first announced plans to acquire WonderFi in 2025 as part of a broader effort to expand beyond the U.S. crypto market. The closing process took longer than initially expected as the company worked through regulatory approvals and prepared its technology infrastructure for the Canadian market.

Despite the acquisition milestone, Robinhood shares declined 3.8% on Monday, closing at $90.73. The stock remains down more than 21% since the beginning of the year.