Robinhood Officially Enters Canada After Closing WonderFi Acquisition

Robinhood Markets has completed its $180 million acquisition of WonderFi, a Toronto-based provider of digital asset products and services. With the deal, Robinhood is entering the Canadian market by acquiring an established operator of regulated crypto exchanges.

As part of the acquisition, WonderFi’s two regulated crypto trading platforms, Bitbuy and Coinsquare, will become part of the Robinhood brand. Canadian customers will be invited to use the Robinhood app, which offers a flat 0.5% fee per CAD trade, along with the company’s user interface, user experience, and global infrastructure.