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Robinhood Completes $180 Million WonderFi Deal, Adding 300,000 Canadian Crypto Customers

Robinhood Completes $180 Million WonderFi Deal, Adding 300,000 Canadian Crypto Customers

According to Robinhood, the completed WonderFi acquisition brings Bitbuy and Coinsquare under its brand, adds about 300,000 funded customers, and expands its footprint in Canada’s regulated crypto market.

Fact Check
Robinhood's official newsroom page 'Robinhood Enters Canada as it Completes Acquisition of WonderFi' (Jun 1, 2026) confirms the deal closed and ~300,000 funded customers were added. The Block independently reports the $180 million valuation and 300,000 customer figure on the same closing date. Reuters had previously confirmed the ~$180M deal price at original announcement in May 2025. All headline facts in the claim are corroborated by primary and high-authority secondary sources.
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Summary

Robinhood said it has closed its acquisition of WonderFi, formally entering Canada through the regulated crypto platforms Bitbuy and Coinsquare, which will now carry the Robinhood brand. According to the company, the deal adds about 300,000 funded customers and pushes Robinhood’s international funded customer base above 1 million for the first time. Robinhood said Canadian users will be invited to use the Robinhood app and gain access to a flat 0.5% fee per CAD trade, while WonderFi’s institutional relationships in Canada will be maintained alongside Robinhood’s existing institutional crypto business tied to Bitstamp. Robinhood also said the combined operation gives it a substantial Canadian footprint, building on its Toronto engineering hub and more than 240 employees in the country. Existing topic information continues to show a reported valuation discrepancy, with earlier material describing the transaction as an all-cash deal worth about $250 million, or $0.36 per share, while the headline and prior summary listed it at $180 million.

Terms & Concepts
  • Funded customers: Customer accounts that hold deposited cash or assets, indicating users who are set up to trade or invest on a platform.
  • Digital asset products and services: Crypto-related offerings such as trading, custody, brokerage, and other financial tools tied to blockchain-based assets.
  • CAD trade: A trade executed in Canadian dollars, the domestic currency used for pricing and settlement in Canada.