Canadian regulators clear Robinhood's acquisition of WonderFi

May 26 — WonderFi said Monday that Canada's investment regulators have approved Robinhood's proposed acquisition of the digital-asset products and services firm. Robinhood has said the deal will strengthen its ability to roll out programmable financial products. The company said its accessible, low-cost and secure platform will support WonderFi's goal of making crypto trading easier for millions of Canadians. WonderFi's technology and brands, including Bitbuy and Coinsquare, are positioned closely with Robinhood Crypto, with offerings spanning crypto trading, staking and custody. The transaction had been expected to close in the second half of last year. The parties later extended the closing date to June 1 to give Robinhood additional time to deploy its proprietary technology in Canada and secure regulatory approvals. As PYMNTS reported last year, the deal comes on the heels of Robinhood's acquisition of crypto exchange Bitstamp in 2025 and is linked to that transaction.