Robinhood closes C$250M WonderFi deal, adding Bitbuy, Coinsquare and about 300,000 Canadian funded accounts

Robinhood completed its purchase of Toronto-headquartered WonderFi for approximately C$250 million (about $180 million), acquiring two regulated Canadian cryptocurrency exchanges, Bitbuy and Coinsquare; WonderFi was subsequently removed from Toronto Stock Exchange listings ^{[1] [2]}.

The transaction added roughly 300,000 funded customer accounts to Robinhood’s international business and pushed the company’s funded customers outside the U.S. beyond 1 million, according to reports; Robinhood said it will maintain institutional partnerships while growing its global crypto operations ^{[1] [3]}.

Robinhood said the deal will allow it to bring low-fee crypto trading to Canada; shares of HOOD fell about 3.8% to $90.73 on the day the acquisition closed ^{[4] [2]}.

The closing gives Robinhood direct access to Canadian regulated trading infrastructure and a larger funded international user base, positioning the firm to expand its crypto offerings in Canada and beyond ^{[1] [2]}.