Robinhood Markets Inc. finalized its acquisition of WonderFi Technologies Inc. on June 1. The all-cash deal is valued at approximately US$180 million. This transaction price totals roughly C$250 million.
Robinhood now controls WonderFi’s regulated subsidiaries, Bitbuy and Coinsquare. The Canadian Investment Regulatory Organization (CIRO) issued final approval for the deal in late May. WonderFi will delist its shares from the Toronto Stock Exchange.
This expansion follows Robinhood’s 2025 acquisition of European-based Bitstamp. The company intends to use this entry to offer a wider range of digital asset products to Canadian customers.