The Canadian investment regulator CIRO has approved Robinhood’s acquisition of the digital assets products and services company WonderFi. WonderFi stated that the transaction will enhance Robinhood’s capabilities in programmable financial products and expand Canadian users’ access to cryptocurrency trading. Originally planned for completion in the second half of last year, the deal has been extended to June 1, 2026, to allow Robinhood time to deploy its own technology in Canada and complete regulatory approvals. WonderFi’s portfolio includes Bitbuy and Coinsquare, offering services in cryptocurrency trading, staking, and custody.
Robinhood Acquires WonderFi with Approval from Canadian Regulator CIRO
TechFlowShare
Summary
Robinhood has received approval from Canada’s CIRO to acquire WonderFi, a digital asset news company that operates platforms such as Bitbuy and Coinsquare. The transaction aims to enhance Robinhood’s programmable financial tools and expand access to cryptocurrency news for Canadian traders. Originally scheduled for late 2023, the acquisition has been extended to June 2026 to accommodate regulatory compliance and technology integration. WonderFi provides cryptocurrency trading, staking, and custody services.
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