TLDR Tech / Crypto
Robinhood Clears Final Regulatory Approval for WonderFi Acquisition
Canada's Investment Industry Regulatory Organization (CIRO) has approved Robinhood's C$250 million (~US$179M) acquisition of WonderFi, clearing the last regulatory hurdle and setting the deal to close on or around June 1. WonderFi owns Bitbuy and Coinsquare, two of Canada's largest regulated crypto trading platforms, giving Robinhood Crypto an immediate institutional footprint in the Canadian market. Shareholder approval and a BC Supreme Court order were already secured in July 2025, so this CIRO sign-off brings a year-long process to its conclusion.
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