Coinsquare

Toronto, Canada Fintech Acquired

Coinsquare is a Canadian regulated cryptocurrency trading platform offering spot trading, staking and OTC wealth services, operating through Coinsquare Capital Markets Ltd., a CIRO-regulated investment dealer. Founded in Toronto in 2014, it combined with WonderFi Technologies and CoinSmart Financial in July 2023 to form Canada's largest regulated crypto trading group. Robinhood Markets completed its C$250-million acquisition of WonderFi on June 1, 2026, making Coinsquare an indirect Robinhood subsidiary. Coinsquare and sister platform Bitbuy are being folded into the Robinhood brand, with customers migrating to the Robinhood app in phases while their accounts stay with Coinsquare Capital Markets.

Acquired

Coinsquare has been acquired

Acquired by WonderFi Technologies Inc. Jul 10, 2023

This company is no longer available on our private secondary market.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

2014

Employees

51–200

Total Funding

$79.67M

5 rounds

Latest Valuation

$0.22B

Feb 11, 2021

Secondary Signals (Note: SetterVC does not verify the accuracy of these)

1 signal
M&A Recent equity value C$250M; C$0.36/share 2026-06-01

Robinhood completed its acquisition of WonderFi, Coinsquare's parent, for ~C$250M (C$0.36/share).

Coinsquare's ultimate parent is now Robinhood (NASDAQ: HOOD); change of control above the stored WonderFi-acquired…

Funding

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Total raised $79.67M across 5 rounds

Last updated 10-01-2026

DateRoundAmount RaisedValuationLead Investors
May 13, 2021 Secondary share purchase $40M — Mogo
Feb 11, 2021 Mogo strategic investment $44M $0.22B Mogo
Feb 8, 2018 Private placement $24M $0.34B Canaccord Genuity

Valuation Trajectory

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

$20M $50M $100M $200M $500M 2018 2019 2020 2021 Coinsquare

Entry · Strategic investment

$28M

Sep 2017

Coinsquare today

$220M

Feb 2021 · latest mark

Coinsquare multiple

7.9x

valuation uplift since first round

Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.

Prominent Investors

Canaccord Genuity Canaccord Genuity

Leadership

  • Johann Kerbrat

    SVP & General Manager, Robinhood Crypto & International (parent company)

  • Eric Richmond

    President of Coinsquare

  • Virgile Rostand

    Founder

Competitors

Competitor list is illustrative and may be incomplete, stale, or erroneous.

  • Kraken

    Global cryptocurrency exchange founded in 2011, headquartered in Cheyenne, Wyoming. Offers 222+ cryptocurrencies and serves tens of millions across 190+ countries.

  • Gemini

    U.S.-based crypto exchange founded in 2014. Available in 60+ countries with support for ~70 cryptocurrencies. Known for security and user-friendly interface.

  • Coinbase

    Major U.S.-based cryptocurrency exchange and blockchain infrastructure platform. One of the largest crypto trading platforms globally.

  • NDAX

    Canadian cryptocurrency exchange platform competing directly with Coinsquare in the Canadian market.

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Data collected with AI, which can make mistakes. Please double-check this information.