BlockBeats news, on May 26, according to official announcements, WonderFi announced on Monday that Canada’s investment regulatory authority has approved Robinhood’s acquisition of the digital asset products and services company WonderFi. Robinhood previously stated that this transaction will enhance its ability to offer programmable financial products. Robinhood’s accessible, low-cost, and secure platform will continue WonderFi’s mission of making cryptocurrency trading easier for millions of Canadians.
WonderFi’s technology and products, including Bitbuy and Coinsquare, align closely with Robinhood Crypto, offering services in crypto trading, staking, and custody. The transaction was originally scheduled to close in the second half of last year, but both parties extended the closing date to June 1 of this year to allow Robinhood additional time to deploy its proprietary technology in Canada and obtain regulatory approvals. As PYMNTS reported last year, this transaction follows closely on Robinhood’s acquisition of the crypto exchange Bitstamp in 2025 and is interconnected with that acquisition.