Robinhood acquired WonderFi for C$250 million (approximately US$179 million) on June 1, 2026. Founded by Karia Samaroo in 2021, WonderFi had become Canada’s largest crypto platform with over 300,000 funded customers and more than C$2 billion in client assets under custody. According to Samaroo, the decision to sell was driven by Canada’s fragmented securities framework, where each province maintains its own regulatory regime. The acquisition gave Robinhood an immediate compliant presence in Canada and pushed the platform past the 1 million international funded customer mark. The deal received approval from CIRO in late May 2026, after which WonderFi delisted from the Toronto Stock Exchange.
Source: Read the original article
