Robinhood has completed its acquisition of WonderFi, the Canadian digital asset company behind regulated crypto platforms Bitbuy and Coinsquare, marking the US brokerage’s entry into the Canadian market.

The deal, announced Monday, was valued at C$250 million, with Robinhood paying C$0.36 per share in cash – a 41% premium to WonderFi’s closing price on the Toronto Stock Exchange the day before the announcement was made public. WonderFi shares are expected to be delisted from the TSX on or around June 2, 2026.

With the close, Robinhood gains roughly 300,000 funded customers from WonderFi’s existing base, pushing the company past 1 million international funded customers globally. Canadian users will be migrated to the Robinhood…