Robinhood clears final hurdle, WonderFi deal set for June 1

Robinhood Markets has cleared the final regulatory hurdle for its acquisition of Canadian crypto firm WonderFi Technologies, moving the long-pending deal toward an expected closing early next month. The Canadian Investment Regulatory Organization granted approval on May 20 to Coinsquare Capital Markets Ltd., a wholly-owned WonderFi subsidiary, for the change tied to the transaction, WonderFi announced on May 25.

This approval represents the last major regulatory requirement, meaning no further regulatory clearances are needed. The companies now anticipate the deal will close on or about June 1, 2026, subject to the satisfaction of remaining customary closing conditions.

Robinhood first announced the acquisition in May 2025, framing it as a key part of its strategy to expand its crypto and digital asset services beyond the United States. The arrangement was subsequently approved by WonderFi securityholders at a special meeting on July 17, 2025, and received a final order from the Supreme Court of British Columbia on July 21, 2025. The recent CIRO approval was the final checkpoint in that process.

The acquisition gives Robinhood immediate access to the Canadian digital asset market...