Is Robinhood Available in Canada? What Actually Launched in 2026
Robinhood arrived in Canada on June 1, 2026, but not the way most people expect. It entered through a crypto acquisition, not a stock-trading launch. Canadians can now trade crypto through Robinhood at a flat 0.5% fee, but there is still no commission-free stock or ETF trading, and no timeline for it.
Is Robinhood available in Canada?
Yes, but only for crypto. On June 1, 2026, Robinhood closed its acquisition of WonderFi, the Canadian company behind two long-running regulated crypto platforms, Bitbuy and Coinsquare. That deal, not a securities launch, is how Robinhood entered the Canadian market. If you were waiting for the commission-free US stock app to cross the border, this is not that. What Canadians get is a crypto product with a per-trade fee, being folded into the Robinhood brand over the weeks following the close.
How did Robinhood enter the Canadian market?
Through an acquisition, not a licence application. Robinhood paid C$250 million in an all-cash deal for WonderFi Technologies, which owned Bitbuy and Coinsquare and held more than C$2 billion in client assets under custody across roughly 300,000 funded customers.
Can you trade stocks and ETFs on Robinhood in Canada?
No, and this is the part that trips people up. In the United States, Robinhood is a stock, ETF, options, and crypto app. In Canada, at launch, it is a crypto app and nothing more. Canadian users get access to roughly 50 crypto assets, with staking (earning rewards for committing your holdings) planned to follow shortly after launch.
There is no commission-free equity trading, no options, and no published timeline for adding either. Company leadership has said the immediate priority is onboarding existing Bitbuy and Coinsquare customers, not building out a Canadian brokerage. So if the Robinhood you wanted was the one that lets you buy shares of a US company for free, that product does not exist here yet.
What does Robinhood charge in Canada?
A flat 0.5% fee per trade, in Canadian dollars. That is a real departure from the zero-commission reputation Robinhood built in the United States, where it earns money largely through payment for order flow rather than per-trade fees. Robinhood has been upfront that the US model does not port cleanly to Canada, hence the stated fee. For a Canadian crypto buyer, 0.5% per trade is the number that matters. On a C$1,000 buy that is C$5, and it applies each time you trade.
Before assuming the Robinhood name means the cheapest option, it is worth measuring that fee against the crypto platforms you can already open in Canada, because the brand does not automatically make it the lowest-cost choice. We’ll discuss that more in a minute.
What happens to Bitbuy and Coinsquare?
Both brands are being folded into Robinhood. Existing Bitbuy and Coinsquare customers are being invited onto the Robinhood app first, over the weeks following the close, before the app opens more broadly through the app stores. The platforms were two of the oldest regulated crypto exchanges in Canada, which is precisely why Robinhood wanted them, and you can still see how they compare against other Canadian crypto exchanges on cost and coin selection. They came with regulatory standing and a combined customer base rather than a blank slate.
Is Robinhood regulated in Canada?
The Canadian crypto operations run through platforms registered with Canadian regulators. WonderFi's dealer subsidiary was registered, and its acquisition was cleared by CIRO before the deal could close, so the Bitbuy and Coinsquare businesses now under Robinhood sit inside Canada's crypto regulatory framework rather than offshore. That regime tightened considerably between 2023 and 2025, which pushed several large international exchanges out of the country entirely. Robinhood chose to buy its way in through a compliant operator instead of fighting the rules.
One caveat worth keeping straight: regulatory oversight of the platform is not the same as protection against the price volatility of the crypto assets themselves. Registration governs how the business handles custody, disclosure, and your assets, not whether the coins you buy hold their value.
What are the alternatives if you wanted Robinhood for stock trading?
If your interest in Robinhood was commission-free stock and ETF investing, Canada already has that, and has for a while. Questrade moved to zero-commission stock and ETF trading in February 2025, and Qtrade eliminated trading commissions in October 2025. Wealthsimple offers commission-free trading with a mobile-first experience closest in feel to Robinhood, and Interactive Brokers covers serious traders who want global market access at low cost. All of them support TFSA, RRSP, and FHSA accounts, which Robinhood does not offer in Canada. You can line these up side by side on our broker comparison page, or read the detailed Wealthsimple review, Questrade review, Qtrade review, and Interactive Brokers review.
If you are starting from zero, our guide to how to choose a Canadian online broker walks through the decision. For the app-driven US trading style specifically, Webull and Moomoo both operate in Canada. And for crypto, the category Robinhood actually launched in, NDAX and Newton are established Canadian platforms worth weighing against that 0.5% fee, and you can line up every registered Canadian option on our crypto exchange comparison. Check current sign-up offers on our bonuses page before you open anything.
The bottom line
Robinhood being in Canada is real, but the headline oversells it. What launched is a crypto app with a 0.5% fee, built on platforms Canadians could already use, not the commission-free stock brokerage that made Robinhood a household name. If you want free stock and ETF trading, you do not need to wait for Robinhood, and you should not, because Canadian brokers already offer it at zero commission with registered-account support Robinhood does not provide here. If you want crypto, Robinhood is now one option among several, and its fee is the thing to judge it on, not its logo. Compare it against what you can already open today, then decide.
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FAQs
Is Robinhood available in Canada in 2026?
Yes, since June 1, 2026, but only for crypto. Robinhood entered Canada by acquiring WonderFi, the owner of Bitbuy and Coinsquare, rather than by launching its US stock-trading app. Crypto is currently the only asset class available.
Can Canadians buy stocks or ETFs on Robinhood?
No. At launch, Robinhood in Canada offers crypto only, roughly 50 assets, with no stock, ETF, or options trading and no announced timeline for adding them. Company leadership has said onboarding existing crypto customers is the priority.
How much does Robinhood charge in Canada?
A flat 0.5% fee per trade in Canadian dollars. This is different from Robinhood's zero-commission model in the United States, so the Canadian product is not free to use.
What happened to Bitbuy and Coinsquare?
They were acquired as part of the C$250 million WonderFi deal and are being folded into the Robinhood brand. Existing customers are being moved onto the Robinhood app first, before wider availability.
Is Robinhood's crypto platform regulated in Canada?
Yes. The acquired platforms are registered with Canadian regulators, and CIRO cleared the purchase before it closed. Regulation of the platform does not remove the price risk of the crypto assets you buy on it.
Will Robinhood offer stock trading in Canada?
There is no confirmed timeline. Robinhood has built a Toronto headquarters and hired heavily in Canada, so an expansion beyond crypto is plausible, but as of now stock and ETF trading is not available and has not been announced.
