Robinhood Completes WonderFi Acquisition, Expands Crypto Footprint in Canada

Robinhood has finalized its C$250 million acquisition of WonderFi Technologies, gaining immediate access to 300,000 funded crypto accounts and a seasoned Canadian workforce. The deal, priced at a 41% premium to WonderFi's last close, accelerates Robinhood's international expansion just two years after establishing its Toronto engineering hub.

WonderFi's Bitbuy and Coinsquare platforms will migrate users to Robinhood's app, offering reduced trading fees (0.5% flat rate for CAD pairs). The acquisition adds regulatory expertise in crypto operations—a strategic move as Robinhood surpasses 1 million global crypto customers.

"This isn't just about market share—it's about infrastructure," said Johann Kerbrat of Robinhood Crypto, noting WonderFi's compliant frameworks for both retail and institutional traders. The TSX will delist WonderFi shares by mid-2026.