Robinhood Markets is set to close the WonderFi acquisition deal after Coinsquare Capital Markets, a WonderFi subsidiary, received approval from the Canadian Investment Regulatory Organization (CIRO) in connection with the proposed transaction.
The approval was granted on May 20 and announced by WonderFi on May 25. The sign-off was the last piece of regulatory paperwork standing between announcement and execution.
Robinhood and WonderFi expect the deal to close on or about June 1, 2026, subject to the satisfaction of customary closing conditions.
Robinhood to add Bitbuy and Coinsquare through WonderFi deal
First announced in May 2025, the acquisition targets expanding Robinhood Crypto’s presence in Canada. WonderFi holds more than C$2.1 billion in assets under custody across its products and services.
