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On Monday, Robinhood Markets announced that it had finished buying up WonderFi, a digital asset services business located in Toronto, for $180 million. Bitbuy and Coinsquare, two licensed cryptocurrency platforms in Canada, are run by WonderFi. Users of both will be asked to stay on the Robinhood app when they are
Read full articleThe U.S. Treasury Department’s Office of Foreign Assets Control blacklisted Nobitex and three other Iranian cryptocurrency platforms for allegedly aiding in the funding of terrorism and sanctions evasion. Nobitex is the biggest digital asset exchange in Iran. According to the Treasury Department, Nobitex handled over half of Iran’s digital asset
The WonderFi acquisition gives Robinhood regulated crypto operations in Canada and expands its workforce and customer network.
The retail brokerage's first Canadian footprint comes via a year-late buyout of the operator of Bitbuy and Coinsquare, adding roughly 300,000 funded crypto customers in a single transaction.
Robinhood Markets has closed its acquisition of WonderFi, a Canadian leader in digital asset products and services, marking the US trading platform’s formal entry into Canada and pushing its total international funded customer base past 1 million for the first time, per the company’s official announcement on June 1, 2026. Related Reading: The Bitcoin Retracement Rally And The Resistance Level That Could End It All WonderFi operates two of Canada’s longest-standing regulated crypto platforms — Bitbuy and Coinsquare — both of which will now carry the Robinhood brand. The approximately 300,000 funded customers already using those platforms transfer directly into Robinhood’s ecosystem, per the announcement, representing one of the more meaningful immediate user acquisitions any crypto-facing platform has made through an M&A transaction in recent memory. BTC's price trends to the downside on the daily chart, Source: BTCUSD on Tradingview What Canadian Users Get For Canadian customers, the
Robinhood has completed its $180 million acquisition of WonderFi and entered the Canadian crypto market with access to roughly 300,000 funded customer accounts and two of the country’s largest digital asset trading platforms. According to Robinhood’s announcement on Monday, the…
Robinhood will enter Canada after its WonderFi acquisition brought local crypto exchanges Bitbuy and Coinsquare under its control.
Robinhood's acquisition of WonderFi enhances its global reach, potentially reshaping Canada's crypto market with increased accessibility and innovation. The post Robinhood completes WonderFi acquisition to bring low-fee crypto trading to Canada appeared first on Crypto Briefing.
The continued sanctions on Iran could escalate tensions, impacting global oil markets and increasing scrutiny on cryptocurrency platforms. The post Trump reaffirms no easing of sanctions on Iran, no fund releases appeared first on Crypto Briefing.
