{"id":29692,"date":"2026-05-26T10:41:26","date_gmt":"2026-05-26T10:41:26","guid":{"rendered":"https:\/\/bitunikey.com\/news\/robinhood-set-to-close-wonderfi-deal-after-canadian-regulatory-approval\/"},"modified":"2026-05-26T10:41:36","modified_gmt":"2026-05-26T10:41:36","slug":"robinhood-set-to-close-wonderfi-deal-after-canadian-regulatory-approval","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/robinhood-set-to-close-wonderfi-deal-after-canadian-regulatory-approval\/","title":{"rendered":"Robinhood set to close WonderFi deal after Canadian regulatory approval"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p>Robinhood has secured final Canadian regulatory approval for its planned acquisition of WonderFi, allowing the C$250 million deal to move toward a June 1 closing date.<\/p>\n<div id=\"cn-block-summary-block_f399dda8455e573226bd144be970b79e\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Robinhood has received final Canadian regulatory approval for its C$250 million acquisition of WonderFi, with both companies targeting a June 1 close.<\/li>\n<li>\u00a0WonderFi\u2019s regulated crypto businesses, including Bitbuy and Coinsquare, are set to become part of Robinhood\u2019s expanding international crypto operations.<\/li>\n<li>The approval comes weeks after Robinhood reported a 47% decline in quarterly crypto revenue and the departure of Robinhood Crypto COO Tanya Denisova.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to WonderFi\u2019s <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.wonder.fi\/press-release\/wonderfi-announces-ciro-approval-for-acquisition-by-robinhood\" target=\"_blank\" rel=\"nofollow\">press release<\/a> issued on Monday, the Canadian Investment Regulatory Organization approved WonderFi subsidiary Coinsquare Capital Markets on May 20, completing the last remaining condition tied to the acquisition.<\/p>\n<p>Toronto-based WonderFi operates several regulated crypto businesses in Canada, including Bitbuy, Coinsquare, and Bitcoin.ca. Once the transaction closes, Robinhood will gain access to a regulated crypto trading network already established in the Canadian market.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24HOOD&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$HOOD<\/a> acquisition of WonderFi Technologies has received regulatory approval in Canada.<\/p>\n<p>WonderFi operates Bitbuy and Coinsquare with ~$1.5B in AUC giving Robinhood a larger crypto footprint in one of the world\u2019s fastest-growing digital asset markets. <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/EjMEBVtT2u\">pic.twitter.com\/EjMEBVtT2u<\/a><\/p>\n<p>\u2014 Shay Boloor (@StockSavvyShay) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/StockSavvyShay\/status\/2058926777947635777?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">May 25, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Back in May 2025, Robinhood announced plans to acquire WonderFi as part of its international crypto expansion strategy. Analysts covering the deal at the time said the acquisition could add as much as 10% to Robinhood\u2019s revenue.<\/p>\n<p>Although both firms had initially expected the transaction to close during the second half of 2025, the deadline was later extended. WonderFi said the additional time allowed Robinhood to complete regulatory approvals and prepare its own trading technology for deployment in Canada.<\/p>\n<p>Earlier steps in the approval process had already been completed months before the latest regulatory clearance. WonderFi shareholders voted in favor of the arrangement during a special meeting held in July 2025, while the Supreme Court of British Columbia issued its final court order four days later.<\/p>\n<h2 class=\"wp-block-heading\">Robinhood moves ahead with crypto expansion after revenue decline<\/h2>\n<p>The Canadian approval arrives less than two weeks after reports emerged that Robinhood Crypto chief operating officer Tanya Denisova was leaving the company after more than five years in the role.<\/p>\n<p>According to people familiar with the matter cited in earlier reports, neither Denisova nor Robinhood publicly commented on the departure, and no replacement has been announced.<\/p>\n<p>During Denisova\u2019s tenure, Robinhood introduced commission-free crypto trading, digital wallets, and staking products. The company also completed its acquisition of Bitstamp in 2025, a move that expanded its institutional and overseas crypto operations.<\/p>\n<p>At the same time, Robinhood\u2019s crypto business has faced pressure from weaker trading activity. The company reported $134 million in crypto revenue for Q1 2026, down 47% from $252 million a year earlier. According to Morningstar, crypto trading became a \u201cparticular pressure point\u201d in the quarter after retail participation weakened and Bitcoin spent much of the period below $80,000.<\/p>\n<p>Even with the drop in crypto revenue, Robinhood said total net revenue rose 15% year over year to $1.07 billion in Q1 2026.\u00a0<\/p>\n<p>As previously reported by crypto.news, the platform handled roughly $25 billion in monthly crypto trading volume during the opening months of 2026, although revenue generated from that activity declined compared with the previous year.<\/p>\n<p>Robinhood shares were down 3% at the time of publication.<\/p>\n<figure class=\"wp-block-image size-large\"><\/figure>\n<p>Robhinhood shares. Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.google.com\/finance\/beta\/quote\/HOOD:NASDAQ?sa=X&amp;ved=2ahUKEwi66t6U3daUAxX9yDgGHR_wBiYQ3ecFKAR6BAhDEAU\" target=\"_blank\" rel=\"nofollow\">Google Finance<\/a>.<\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Robinhood has secured final Canadian regulatory approval for its planned acquisition of WonderFi, allowing the C$250 million deal to move toward a June 1 closing date. Summary Robinhood has received&hellip;<\/p>\n","protected":false},"author":1,"featured_media":29693,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-29692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/29692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=29692"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/29692\/revisions"}],"predecessor-version":[{"id":29694,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/29692\/revisions\/29694"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/29693"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=29692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=29692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=29692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}