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Robinhood just planted flags in two new countries on the same strategic timeline, completing its $250 million acquisition of Canadian crypto platform WonderFi Technologies while simultaneously securing regulatory approval in Singapore. The company’s international funded user base has now crossed the 1 million mark.
Here’s the thing, though: the “zero trading fees” promise that made Robinhood famous in the US doesn’t quite apply in Canada. Canadian users will pay a flat 0.5% fee per trade in CAD, a detail that matters quite a bit when you’re trying to differentiate from local competitors.
The Canada play: buying your way in
Robinhood’s Canadian launch officially went live on June 1, 2026, the same day it closed the WonderFi acquisition. Rather than building from scratch, Robinhood took the acquisition route, absorbing WonderFi’s two established crypto platforms, Bitbuy and Coinsquare, which together brought roughly 300,000 funded customers into the fold.
Both platforms will transition to operate under the Robinhood brand. Canadian users will be able to trade approximately 50 crypto assets through Robinhood’s app, with staking services planned to follow shortly after launch.
Robinhood already had infrastructure in the country before this deal closed. The company established a Toronto engineering hub back in 2024, which currently supports over 240 employees.
Singapore: a foot in the door, not a full entrance
On the other side of the world, Robinhood received in-principle approval from the Monetary Authority of Singapore on April 23, 2026. The approval covers brokerage services including securities trading, derivatives, custody, and related activities through its entity Robinhood Singapore Pte. Ltd.
An important distinction: “in-principle approval” is not the same as a full operational license. Robinhood can begin building out its Singapore operations, but it’s not yet fully licensed to serve customers.
The Singapore push also leverages existing infrastructure. Robinhood’s Bitstamp Asia subsidiary, which came through its earlier acquisition of the crypto exchange Bitstamp, gives the company an operational foothold in the region.
What this means for investors
Robinhood’s international expansion tells a clear story about where the company sees its growth trajectory. Adding over 300,000 funded users in Canada through a single acquisition demonstrates how much faster international growth can come when you’re willing to write large checks.
The shift to a fee-based model in Canada is perhaps the most interesting strategic signal. Robinhood has essentially acknowledged that its US playbook, built around zero commissions and payment for order flow, doesn’t port cleanly to every market. Investors watching HOOD should pay attention to whether the 0.5% fee creates meaningful revenue or drives potential users toward cheaper alternatives.
The 1 million international funded user milestone provides a useful benchmark for tracking progress.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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