Wow, almost made me think or going back to coinsquare lol

Big move for Canada onboarding. Robinhood brings distribution, Coinsquare keeps the regulated rails. Curious how fast they restore staking and OTC on the new app. @Coinsquare follow back appreciated fr

$HOOD is building “one of the most regulated crypto platforms in Canada." @JohannKerbrat of @RobinhoodApp tells @JD_Durkin the WonderFi deal brings Bitbuy and Coinsquare along with a "compliance foundation" to onboard customers into the full ecosystem.

$HOOD --- $HOOD has evolved into a full-fledged, global digital finance and wealth management ecosystem! On June 1, $HOOD announced the completion of its acquisition of WonderFi, the leading regulated crypto asset platform in Canada that operates Bitbuy and Coinsquare. The deal adds over 300,000 funded international accounts, marking a full-scale expansion of its North American footprint. In late May, Robinhood launched an industry-first AI agent investing tool built on the open-source Model Context Protocol (MCP). The feature lets users connect third-party AI assistants to auto-manage portfolios, snap up targeted assets or process credit card transactions. This cutting-edge tech has drawn a large crowd of early Silicon Valley developers and tech enthusiasts. 1.From a High-Volatility Speculation Hub to a High-Sticky Asset Pool Previously, declines in retail trading activity — whether in crypto or equities markets — directly hammered Robinhood’s revenue. Today, Robinhood Gold memberships surged 36% year-over-year to 4.3 million users, while total assets held in its Retirement Accounts have hit $27.4 billion. High-yield savings, credit card and retirement services deliver strong user retention and steady high-margin non-trading income, completely reshaping its profit model. 2. 24/7 Multi-Asset "Prediction Market" Economics (Massive Upside Ahead) Via its affiliated exchange Rothera, Robinhood has made a strong push into event prediction markets. Trading volume for event contracts spikes exponentially during major political and sports cycles. These high-frequency, low-ticket trades generate robust cash flow, effectively hedging against cyclical slumps in crypto trading volume. 3. Top Beneficiary of the Historic Wealth Transfer Per Morningstar research, the U.S. is witnessing an unprecedented intergenerational wealth transfer. Robinhood’s user base has a median age of just 35. As these young retail investors age and build wealth, they will keep more mainstream assets on Robinhood instead of migrating to legacy brokerages such as Charles Schwab and Morgan Stanley.

Congrats Eric. All my Canadian friends rave about Shakepay and Coinsquare, Coinbase (and Canada) are lucky to have you!

🍷 WonderFi raised $180 million in an M&A round led by Robinhood to provide a Canadian‑regulated crypto platform operator (Bitbuy, Coinsquare) with trading, staking, and payment services

.@ericrichy comes to @coinbase Canada after working for several other Canadian crypto companies: he was general counsel and head of business development at @shakepay, the president of Coinsquare, and a co-founder of Tetra Trust. betakit.com/coinbase-canada-…

Canadian crypto platform @WonderFi has been acquired by @RobinhoodApp for $180M, marking Robinhood’s entry into the Canadian crypto market. WonderFi operates Bitbuy and Coinsquare, two of Canada's longest standing regulated crypto platforms.

🚨 Big news in Canada! 🇨🇦 #Robinhood bought #WonderFi for $180M — now owns Bitbuy & Coinsquare. Meanwhile @MEXCTrueNorth keeps it simple: ✅ 0% fees on Spot & Futures ✅ Real stocks crypto in one app More choices = better for everyone 🍁 What’s your go-to platform?

$BTC crashed 12% intraweek to $61,300, its lowest since February, as $1.75 billion was liquidated in a single session. Meanwhile, US spot Bitcoin ETFs posted a record 13-day outflow streak totaling $4.4 billion, the heaviest selling since the products launched in 2024. ↳ $BTC hit $61,300 on June 4 as geopolitical tensions, leverage unwind, and @strategy's first BTC sale since 2022 combined to push markets into Extreme Fear territory. ↳ US spot $BTC ETFs saw 13 consecutive days of net outflows totaling $4.4B. The 20-day trailing window hit $5.42B and 73,080 BTC, both all-time records ↳ CFTC cleared @coinbase to offer perpetual futures via DeribitExchange, making it the first US-regulated exchange for perps. Own US product launches July 21. ↳ @RobinhoodApp completed its $180M acquisition of @WonderFi, entering the Canadian market with Bitbuy and Coinsquare, covering C$2.1B in assets and 1.6M users.

$HOOD - Robinhood Markets, Inc. 🔹Acquires 100% of Wonderfi 🔹A Canadian crypto company that owns Bitbuy and Coinsquare and Bitcoin.ca 🔹For $180M in cash at C$0.36 in cash per 🔹Providing a fast entry into Canada’s regulated market and an expansion of crypto services beyond the US

🚨 INFRASTRUCTURE: Robinhood Enters Canada as It Completes Acquisition of WonderFi Robinhood Markets, Inc. (“Robinhood”) has closed its acquisition of WonderFi, a Canadian leader in digital asset products and services. The acquisition marks Robinhood's entry into Canada through a well-established operator of regulated digital asset platforms, positioning Robinhood to deliver a new standard of innovative financial products in the country. WonderFi operates two of Canada’s longest-standing regulated crypto platforms, Bitbuy and Coinsquare, which will become part of the Robinhood brand. Canadian customers will be invited to download the Robinhood app — unlocking access to lower fees with a flat 0.5% fee per CAD trade, Robinhood’s best-in-class user interface and user experience, backed by trusted infrastructure on a globally scaled platform. WonderFi is a trusted partner to many institutions in Canada, and Robinhood will continue to support those relationships, building upon the global institutional business Robinhood has established through Bitstamp. Robinhood’s expansion to Canada supports its vision of building the leading integrated global financial ecosystem. Robinhood now has more than 1 million international funded customers, including approximately 300,000 funded customers from WonderFi. WonderFi employees join more than 240 Robinhood employees based in Canada. Robinhood established its Canadian headquarters in Toronto in 2024 as an engineering hub, tapping into Canada’s deep pool of tech talent. Source: Financial IT #Fintech #infrastructure #acquisition

Bitbuy getting bought by Coinsquare is horrible news.

Coinsquare sucks... stay away from them unless you live being charged very high fees and receiving the worse customer services...

Meanwhile its taking them the whole day to process two crypto withdrawals... stay away from Coinsquare. Huge fees and absolute worse customer service

Lol.. by buying the crapiest Canadian exchange! Highest fees and absolute worse customer service..... one small step for Robinhood, one step closer to bankruptcy!

Stay away from Coinsquare, unless you love very high fees and sh!t service...

Robinhood a POS broker just bought another POS broker... qui s'assemble se resemble...

Read my other post.. yes people should be concerned as both Coinsquare and Robinhood suck.. Canadians should use Wealthsimple. With them you can do all your banking Crypto and free stock trading plus they have customer phone service...