Robinhood clears final regulatory approval for $180M WonderFi deal ahead of expected June 1 close
The Block
Robinhood has received final regulatory approval to acquire Canadian crypto platform WonderFi, with the deal expected to close on June 1.Summary
Robinhood has officially received the final regulatory approval from the Canadian Investment Regulatory Organization (CIRO) for its C$250 million (approximately $180 million) acquisition of the Toronto-based digital asset platform WonderFi. WonderFi, which operates regulated brands such as Bitbuy and Coinsquare, confirmed that this milestone clears the path for a finalized deal expected on June 1. Initially announced in May 2025, the acquisition is part of Robinhood's strategic expansion into international cryptocurrency markets, with analysts projecting it could increase the company's revenue by up to 10%.
(Source：The Block)