Robinhood Completes $180M Acquisition of WonderFi to Expand in Canada

Key Insights:

• As per the Robinhood news, the platform gains 300K accounts amid the WonderFi buyout update.
• Bitbuy and Coinsquare join Robinhood on the Canadian acquisition.
• Robinhood revenue increases by 15% despite lower crypto revenue in Q1 2026.

Robinhood news centered on Canada after the company announced the acquisition of $180 million on WonderFi.

The transaction gives Robinhood access to roughly 300,000 funded customer accounts. It also brings Canadian crypto exchanges Bitbuy and Coinsquare into its operations.

Robinhood announced the deal’s completion on Monday. Through the acquisition, the company adds Toronto-based WonderFi and its exchange businesses to its international operations.

The move also enables Robinhood to have an active regulatory footprint in Canada. That move comes as the company continues to expand its crypto business beyond the United States.

The acquisition followed several months of regulatory reviews and approvals. In May, WonderFi confirmed that the Canadian Investment Regulatory Organization approved its subsidiary Coinsquare Capital Markets.

According to the company, that approval satisfied the final condition required to close the transaction. Earlier, WonderFi shareholders approved the arrangement in July 2025.

Following shareholder approval, the Supreme Court of British Columbia issued a final court order supporting the transaction.

That ruling allowed the acquisition process to move forward toward completion. Although both companies initially expected the deal to close during the second half of 2025, the timeline later changed.

WonderFi said the extension gave Robinhood additional time to complete regulatory requirements. The company also used the period to prepare trading infrastructure for its Canadian operations.

After those steps were completed in the Robinhood news, the acquisition moved forward. With the deal now finalized, Bitbuy and Coinsquare officially become part of Robinhood’s business.

The online brokerage platform stated that WonderFi employees, including members of the leadership team, will remain with the company.

The decision aids continuity as the integration process begins. Johann Kerbrat, General Manager of Robinhood Crypto and International, said WonderFi’s experience operating regulated crypto platforms played an important role in the transaction. He noted that the company serves both beginner and advanced crypto users.

The acquisition also brings two revenue-generating exchanges into Robinhood’s portfolio. In March, WonderFi disclosed that Bitbuy and Coinsquare generated combined revenue of $49.8 million in 2025.

Robinhood first announced plans to acquire WonderFi in May 2025. At the time, the transaction was valued at approximately C$250 million. Analysts following the deal said it could contribute up to 10% of Robinhood’s revenue.

However, the companies later extended the expected closing timeline while regulatory and operational requirements continued.

The Canadian acquisition arrives alongside several other developments within Robinhood crypto. Late last month, the company introduced Agentic Trading and Agentic Credit Card. The products allow customers to connect AI agents to dedicated trading and spending accounts.

Robinhood said those agents remain separate from customers’ primary portfolios while operating within user-defined limits.

The acquisition closed during a period of declining crypto revenue for Robinhood. The company reported $134 million in crypto revenue during the first quarter of 2026.

That figure declined from $252 million reported during the same period a year earlier. Despite that decrease, overall company revenue moved higher.

Robinhood reported total net revenue of $1.07 billion during the first quarter. The figure represented a 15% increase compared with the previous year. Meanwhile, the company recently experienced a leadership transition within its crypto division.

Robinhood Crypto Chief Operating Officer Tanya Denisova left after more than five years in the role. During her terms, the company rolled out commission-free crypto trading, digital wallets, and staking commodities.

The post Robinhood News: Robinhood Expands Crypto Empire With Canadian Acquisition appeared first on The Coin Republic.