What to know:
- Robinhood regulatory approval puts WonderFi deal closer to June 1 closing date.
- CIRO clearance means WonderFi needs no further approvals before merger completion.
- WonderFi acquisition expands Robinhood’s regulated crypto presence across Canada.
Robinhood Markets moved closer to completing its WonderFi Technologies acquisition after Canadian authorities cleared the deal. The Robinhood regulatory approval removes a major regulatory hurdle and puts the transaction on track to close around June 1, 2026, subject to conditions.
The update was announced by WonderFi on May 25. The Canadian Investment Regulatory Organization has issued clearance to its wholly-owned unit, Coinsquare Capital Markets Ltd.
On May 20, WonderFi announced the approval. According to the company, the Robinhood regulatory approval means that the company will not need any more regulatory approvals for the merger.
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Robinhood Regulatory Approval Advances $250M WonderFi Deal
Robinhood initially announced the WonderFi deal back in 2025. The acquisition was estimated to be worth $250 million and was tied to Robinhood’s intention of taking crypto and digital assets beyond the U.S.
Following the announcement, the transaction required approvals. The arrangement was approved by the shareholders of WonderFi in a special meeting held in July 2025.
The Supreme Court of British Columbia subsequently gave a final order approving the acquisition. The new Robinhood approval under the regulatory category means the companies could pursue closing.
WonderFi operates several Canadian crypto brands, including Bitbuy, Coinsquare, and Bitcoin.ca. They are platforms that provide regulated digital asset trading services in Canada.
The company also provides blockchain services, digital payments infrastructure, and a non-custodial wallet app, among other crypto trading products. According to WonderFi, its platforms are designed to facilitate increased digital asset adoption as activity shifts on-chain.
Robinhood Expands Beyond U.S. Trading
The Robinhood regulatory approval opens up a bigger route for the company into Canada’s crypto market. The Robinhood regulatory approval also backs up its international strategy aside from U.S. retail trading.
Over the past two years, Robinhood has grown its crypto product, licenses, and international operations. The transfer marks its consolidation as competition intensifies in the digital asset space.
The company also entered the prediction markets sector in late 2025. That expansion was facilitated by a partnership between Susquehanna International Group and MIAX.
As per that deal, Robinhood was able to keep a stake in the venture. Susquehanna will serve as a liquidity provider for the first time on the market to facilitate trading activity.
The WonderFi purchase also indicates more consolidation in the cryptocurrency sector. Canadian exchanges and fintech companies are looking for increased infrastructure, market access, and customer base.
Thus, the new Robinhood regulatory approval is a pivotal move for both platforms. It moves WonderFi closer to merging with Robinhood and provides Robinhood with another regulated crypto presence outside of the U.S.
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