Robinhood will acquire WonderFi’s regulated crypto platforms, Bitbuy and Coinsquare

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WonderFi operates two of Canada’s longest-standing regulated crypto trading platforms, Bitbuy and Coinsquare, managing over 2.1 billion Canadian dollars in assets under custody. These platforms offer crypto trading, staking and custody services.

The latest acquisition will help it win over Canada-based customers. Toronto-listed WonderFi owns and operates Bitbuy and Coinsquare, two leading domestic crypto platforms in the Canadian market. Trading volumes on WonderFi increased 28% to C$3.57 billion in fiscal 2024.