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Robinhood Clears Final Regulatory Hurdle for WonderFi Acquisition

Key Highlights

  • Robinhood received final regulatory approval from Canada’s CIRO for its acquisition of WonderFi.
  • The transaction is expected to officially close on or around June 1, 2026.
  • The acquisition was originally announced in 2025 as part of Robinhood’s $250 million expansion into Canada’s crypto market.

Robinhood is just one step away from finalizing its purchase of WonderFi Technologies, a Canadian cryptocurrency platform, after getting the green light from Canadian regulators.

On May 25th, WonderFi announced that its subsidiary, Coinsquare Capital Markets Ltd. (CCML), has received approval from Canada’s investment regulator, CIRO, for the acquisition of Robinhood – a deal that was previously announced.

The company announced that they received final regulatory approval on May 20th, clearing the way for the deal to move forward. They now anticipate the acquisition will be completed around June 1, 2026, assuming standard closing requirements are met.

Robinhood’s $250 million Canada expansion nears completion

Robinhood plans to buy WonderFi in 2025 for around $250 million. This acquisition is part of Robinhood’s strategy to expand its cryptocurrency and digital asset services internationally.

The deal was initially projected to be completed by late 2025, but it needed approval from shareholders, the courts, and various regulatory bodies before it could finalize.

WonderFi owners voted in favor of the deal at a meeting in July 2025, and the Supreme Court of British Columbia officially approved it afterward.

Now that CIRO has given its approval, WonderFi has confirmed the merger can proceed without needing any further regulatory clearances.

WonderFi operates major Canadian crypto brands

As a crypto investor in Canada, I’ve been watching WonderFi closely. They’ve quickly become a major player here by owning some of the biggest and most trusted names in the space – I’m talking about Bitbuy, Coinsquare, and Bitcoin.ca. It’s impressive how much of the Canadian crypto market they now control.

We provide a range of crypto solutions, including both traditional and open-market trading, tools for digital payments, blockchain technology services, and secure, self-managed wallets.

WonderFi believes its platforms are well-placed to help more people worldwide use cryptocurrencies, as more and more digital asset activity happens directly on blockchains.

Robinhood expands crypto footprint globally

This purchase reinforces Robinhood’s commitment to both cryptocurrency and expanding its services outside the U.S., building on its popular trading platform.

In the last two years, Robinhood has been growing its cryptocurrency services, obtaining necessary licenses, and expanding into new countries. This growth comes as competition in the digital asset industry becomes more fierce.

As a researcher following Robinhood, I observed a significant expansion in late 2025 when they entered the prediction markets. They did this through a partnership with Susquehanna International Group and MIAX. Essentially, Robinhood remained in charge of the new venture, but Susquehanna stepped in to ensure there was enough trading activity right from the start by providing initial funds.

This agreement shows that the cryptocurrency industry is continuing to merge, with established exchanges and financial technology companies growing by buying out competitors and improving their systems.

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2026-05-26 17:10