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 Markets is now one step away from officially completing its acquisition of Canadian crypto platform operator WonderFi Technologies after receiving final regulatory approval from Canadian authorities.
WonderFi announced on May 25 that its wholly-owned subsidiary, Coinsquare Capital Markets Ltd. (CCML), received approval from the Canadian Investment Regulatory Organization (CIRO) for Robinhood’s previously announced acquisition plan.
The approval was granted on May 20, according to the company statement, and marks the final major regulatory clearance required for the transaction to proceed. The companies now expect the acquisition to officially close on or around June 1, 2026, subject to customary closing conditions.
Robinhood’s $250 million Canada expansion nears completion
Robinhood first announced plans to acquire WonderFi in 2025 through a deal valued at approximately $250 million as part of its broader push into international crypto and digital asset markets.
At the time, the acquisition was expected to close in the second half of 2025 pending shareholder approval, court authorization, and regulatory clearances.
WonderFi shareholders approved the arrangement during a special meeting held in July 2025, while the Supreme Court of British Columbia later granted a final order approving the transaction.
Following the latest CIRO approval, WonderFi confirmed that no additional regulatory approvals are required for the merger.
WonderFi operates major Canadian crypto brands
WonderFi has become one of Canada’s largest regulated crypto platform operators through ownership of brands including Bitbuy, Coinsquare, and Bitcoin.ca.
The company offers centralized and decentralized crypto trading products, digital payments infrastructure, blockchain services, and non-custodial wallet applications.
WonderFi stated that its platforms are positioned to support global crypto adoption as digital asset activity increasingly moves on-chain.
Robinhood expands crypto footprint globally
The acquisition further strengthens Robinhood’s growing focus on cryptocurrency and international expansion beyond its core U.S. retail trading business.
Over the past two years, Robinhood has steadily expanded its crypto offerings, regulatory licenses, and international operations as competition intensifies across the digital asset sector.
In late 2025, Robinhood also expanded into the prediction markets sector through a partnership involving trading giant Susquehanna International Group and MIAX. Under the arrangement, Robinhood retained control of the venture while Susquehanna agreed to provide initial market liquidity to support trading activity.
The deal also highlights continued consolidation within the crypto industry as regulated exchanges and fintech firms seek to expand market share through acquisitions and infrastructure growth.
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