Robinhood enters Canada with C$250M WonderFi close, adding Bitbuy, Coinsquare and 300K funded customers

Robinhood closed its WonderFi acquisition, giving it a regulated Canadian crypto foothold through Bitbuy and Coinsquare in a deal valued around C$250 million, or about $180 million. Canadian users will be pushed toward the Robinhood app with a flat 0.5% fee per CAD trade, while Robinhood says the deal lifts its international funded customer base above 1 million, including roughly 300,000 from WonderFi. This is the same global crypto buildout playbook as Bitstamp: buy regulated infrastructure first, then migrate users onto the Robinhood stack.

TLDR by @Benthic

More coverage

• Robinhood Acquires WonderFi, Growing its Canadian Presence (finovate.com)
• Robinhood Enters Canada as it Completes Acquisition of WonderFi (x.com)
• Robinhood Completes Acquisition of WonderFi (newsfilecorp.com)
• Robinhood enters Canada as it completes acquisition of WonderFi (finextra.com)
• WonderFi Enters into Definitive Agreement To Be Acquired by ... (wonder.fi)

Explore the topic

• Canada
• Robinhood