Canadian Regulator Approves Robinhood’s Purchase Of WonderFi

CryptoProwl

Tue, May 26, 2026 astatine 8:27 AM CDT 1 min read

Robinhood Markets (NASDAQ: $HOOD) has received Canadian regulatory support for its planned acquisition of WonderFi Technologies (TSX: $WNDR), allowing the $250 cardinal woody to beryllium completed by June 1.

According to a quality release, the Canadian Investment Regulatory Organization has approved the acquisition of WonderFi, clearing the past remaining hurdle related to the deal.

Toronto-based WonderFi operates respective crypto businesses successful Canada, including Bitbuy, Coinsquare, and Bitcoin.ca. 

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Once the transaction closes astatine the commencement of June, Robinhood volition summation entree to a regulated crypto trading web that’s established wrong the Canadian marketplace.

Robinhood announced plans to get WonderFi successful May 2025 arsenic portion of its planetary crypto expansion. Analysts accidental the woody could adhd 10% to Robinhood’s yearly revenue.

Shareholders of WonderFi Technologies voted successful favour of the acquisition during a peculiar gathering held successful July 2025.

The Canadian support arrives with Robinhood’s cryptocurrency concern nether unit from weaker trading activity. 

The institution reported $134 cardinal U.S. successful crypto gross for this year’s archetypal quarter, down 47% from $252 cardinal U.S. a twelvemonth earlier. 

Retail capitalist information successful crypto trading has weakened successful caller months arsenic the terms of Bitcoin (CRYPTO: $BTC) languishes beneath $80,000 U.S.

Robinhood besides conscionable announced that its apical crypto executive, Tanya Denisova, is leaving the institution aft 5 years.

During Denisova’s tenure, Robinhood introduced commission-free crypto trading, integer wallets, and staking products. 

The institution besides completed a bid of acquisitions, with WonderFi being the latest woody that volition assistance Robinhood turn extracurricular the U.S. 

HOOD banal has declined 36% this twelvemonth to commercialized astatine $73.64 U.S. per share.