Robinhood Markets completed its C$250mn ($180mn) acquisition of Toronto-based WonderFi Technologies on Monday, bringing its trading app to Canada and intensifying competition for the country's self-directed investors.
Robinhood Enters Canada with WonderFi Acquisition
2 June 2026 - 09:35 CEST
By Oihyun Kim
The all-cash deal, at C$0.36 ($0.26) a share, closed after the Canadian Investment Regulatory Organization cleared it on 20 May, the companies said. WonderFi operates Bitbuy and Coinsquare, two of Canada's longest-standing regulated crypto trading platforms, which together hold about C$2.1bn ($1.5bn) in client assets.
At the start, Canadian users will be able to trade about 50 crypto assets, with staking, earning rewards for committing tokens to help secure a blockchain, according to The Globe and Mail. Robinhood will charge 0.5% on Canadian-dollar crypto trades, undercutting rival Wealthsimple, a Canadian investment platform, which charges up to 2% for smaller accounts.
Johann Kerbrat, Robinhood's crypto general manager, said that the firm aims to "become one of the top players in the space," adding that it wants to bring its full product line-up to Canada.
