Robinhood has officially launched its operations in Canada following the completion of its $180 million acquisition of WonderFi, which includes control over local crypto exchanges Bitbuy and Coinsquare. This move positions Robinhood to tap into Canada’s rapidly expanding crypto market, which was estimated to generate around $263 million in revenue in 2025.
The acquisition, finalized on June 2, 2026, will allow Robinhood to leverage WonderFi’s regulatory licenses and established operations in the Canadian market. As part of the deal, approximately 300,000 funded customers from WonderFi will transition to Robinhood’s platform. The presence of Bitbuy and Coinsquare, two of Canada’s largest crypto exchanges, enhances Robinhood’s competitive standing in the region.
According to estimates by Triple A, around 4.1% of Canadians currently own cryptocurrency, highlighting the potential customer base for Robinhood. Grand View Research predicts that the Canadian crypto market will continue to grow, with total revenue projected to exceed $1 billion by 2033. Robinhood aims to utilize WonderFi's experienced team to further its mission in the Canadian market.