Robinhood Enters Canadian Crypto Market With WonderFi Acquisition
Robinhood Markets has completed its acquisition of Canadian digital asset services company WonderFi for $180 million. WonderFi operates two of Canada's largest regulated crypto platforms, Bitbuy and Coinsquare, which collectively hold over C$2.1 billion in assets. This strategic move grants Robinhood access to WonderFi's approximately 300,000 users, bringing Robinhood's total non-U.S. funded client base to over 1 million. The acquisition, initially announced in May 2025 as part of Robinhood's international crypto expansion, was finalized after a delay to secure necessary regulatory approvals and integrate Robinhood's technology in Canada. WonderFi's team will join Robinhood, and the company's institutional expertise, bolstered by Robinhood's prior acquisition of Bitstamp, is expected to further grow Robinhood's institutional business. Users of Bitbuy and Coinsquare will be migrated to the Robinhood app.
TheNewsCryptoВчора 14:56
