TLDR
- Robinhood secured final regulatory approval in Canada for its $180 million WonderFi acquisition.
- The Canadian Investment Regulatory Organization approved WonderFi subsidiary Coinsquare Capital Markets on May 20.
- Both companies are now targeting a June 1 closing date for the transaction.
- WonderFi shareholders approved the deal in July 2025 and the Supreme Court of British Columbia issued a final order.
- Robinhood announced the acquisition in May 2025 as part of its expansion into international crypto markets.
Robinhood has secured final regulatory approval for its $180 million acquisition of Canadian crypto firm WonderFi. Canada’s investment regulator cleared the last required sign-off on May 20. The companies now target a June 1 closing date for the transaction.
The Canadian Investment Regulatory Organization approved WonderFi subsidiary Coinsquare Capital Markets. WonderFi confirmed the update in a press release issued on Monday.
The approval marked the final condition required to complete the deal. Both firms had already received shareholder and court approvals in 2025.
Robinhood first announced the C$250 million acquisition in May 2025. The transaction forms part of its expansion into international crypto markets.
WonderFi operates regulated crypto platforms in Canada. Its brands include Bitbuy, Coinsquare, and Bitcoin.ca.
Robinhood Secures CIRO Approval for WonderFi Acquisition
CIRO approved Coinsquare Capital Markets on May 20. That authorization cleared the final regulatory hurdle tied to the acquisition.
WonderFi shareholders approved the arrangement at a special meeting in July 2025. The Supreme Court of British Columbia issued a final court order four days later.
The companies had expected the deal to close in the second half of 2025. They extended the timeline to allow regulatory reviews and technology deployment.
Robinhood said it needed time to roll out proprietary systems in Canada. The company focused on aligning its trading infrastructure with local requirements.
The acquisition gives Robinhood access to a regulated Canadian crypto venue. WonderFi’s platforms support digital asset trading and custody services.
Analysts previously said the deal could lift Robinhood’s revenue by up to 10%. The projection followed the company’s May 2025 announcement.
Expansion Into Canadian Crypto Market Nears Completion
Robinhood built its brand around app-based trading for stocks, options, and crypto. The WonderFi acquisition extends that model into Canada.
The U.S. company trades on Nasdaq and offers crypto exposure to retail users. Its platform supports assets such as Bitcoin and Ethereum.
WonderFi operates under Canadian regulatory oversight. Its subsidiaries hold licenses that allow compliant crypto exchange services.
The integration comes as Robinhood Crypto undergoes leadership changes. The company’s crypto COO recently exited ahead of the transaction close.
Both firms confirmed they are working toward a June 1 closing. The deal will complete once all customary conditions are satisfied.
Robinhood and WonderFi have not announced further changes to the transaction terms. As of Monday, June 1 remains the expected completion date.
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