US neobroker Robinhood (NASDAQ:HOOD) has announced plans to expand in Canada, initially with a hiring expansion for Robinhood Canada in Toronto.

Most of the positions being currently advertised for Robinhood Canada are in Engineering and Security. It remains unclear at this stage whether or not this is just a hire-talent-abroad exercise for Robinhood, or a first step in actually launching service in Canada for Canadian traders and investors at some point in the near future.

In late 2023, Robinhood indicated that international expansion outside the US was a key priority moving forward. Robinhood launched in the UK in late 2023, as well as in the EU with crypto trading.

Robinhood said that this is a strategic move that provides access to a diverse global talent pool and brings a fresh perspective to its mission of democratizing finance for all. The company supports a growing range of products and its Software Engineering, Security, and Corporate Engineering organizations play a crucial role in enabling Robinhood’s global success. Robinhood Canada’s team in Toronto will support these growing business needs, help drive innovation, and expand global reach at Robinhood.

The company notes that it has already welcomed new developers to its growing team in Canada. In 2024, Robinhood Canada plans to focus significantly on hiring efforts to expand its footprint in Toronto.

Robinhood Canada is actively seeking talented individuals to be part of the Toronto expansion and contribute to areas such as Data, Growth, Brokerage, Crypto, Infrastructure, Security, and more. The company said that it will be sharing more updates throughout the year to keep people informed about the development of the Toronto site.