Robinhood completes its $180 million acquisition of WonderFi, entering the Canadian crypto market.

CoinFeed reported on June 2nd that Robinhood Markets has completed its $180 million acquisition of Canadian digital asset services company WonderFi. WonderFi operates two regulated Canadian crypto platforms, Bitbuy and Coinsquare, and its users will be invited to migrate to the Robinhood app. Robinhood stated that through this acquisition, it now has over 1 million clients outside the US, with 300,000 of them coming from WonderFi. The acquisition was first announced in May 2025 and was originally planned for completion in the second half of 2025, but was delayed due to technology deployment and regulatory approvals. Robinhood established its institutional business last year through the acquisition of Bitstamp.