According to the founder of WonderFi Technologies, that’s exactly why his company is now owned by Robinhood. Robinhood completed its purchase of WonderFi for C$250 million, roughly US$179 million, on June 1, 2026. From consolidator to consolidatedWonderFi’s arc is a compressed history of Canadian crypto ambition. The result was Canada’s largest crypto platform, with over 300,000 funded customers and more than C$2 billion in client assets under custody. Other Canadian crypto industry leaders have echoed similar concerns.