TheBlock
Robinhood's C$250 million (~$180M USD) acquisition of Canadian crypto firm WonderFi has cleared its last regulatory obstacle, with Canada's Investment Regulatory Organization granting approval on May 20 for WonderFi's subsidiary Coinsquare Capital Markets. Both companies are now targeting a June 1 close.
WonderFi is a Toronto-based digital asset platform that owns regulated crypto brands including Bitbuy, Coinsquare, and Bitcoin.ca — giving Robinhood an immediate foothold in Canada's licensed crypto market. WonderFi shareholders had already approved the arrangement at a special meeting in July 2025, with a final court order from the Supreme Court of British Columbia following four days later.
Robinhood announced the WonderFi acquisition in May 2025 as part of its broader push into international crypto markets.
CoinTelegraph
WuBlockchain