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Robinhood Enters Canada After WonderFi Purchase, Wins Singapore In‑Principle Approval

The moves test whether a fee-based approach in Canada can fund faster international growth.

Overview

  • Robinhood completed its acquisition of WonderFi and launched services in Canada by folding Bitbuy and Coinsquare into its brand and team.
  • Canadian customers can trade about 50 crypto assets on the app and face a promotional zero-fee period followed by a flat 0.5% per-trade fee in Canadian dollars.
  • The WonderFi deal brings roughly 300,000 funded Canadian accounts and helped push Robinhood’s reported international funded user base past one million.
  • Robinhood holds in‑principle approval from Singapore’s regulator that allows it to build brokerage and custody infrastructure but does not yet allow full customer operations.
  • The company is moving through phased technical and compliance integrations, with key near-term items being full Singapore licensing, smooth customer migrations, and the rollout of staking services in Canada.