Robinhood Clears Final Regulatory Approval for $180M Wonderfi Deal Ahead of Expected June 1 Close

According to The Block, Robinhood's C$250 million (approximately $180 million) acquisition of Canadian crypto firm WonderFi cleared its final regulatory hurdle after Canada's investment regulator approved the deal. The Canadian Investment Regulatory Organization granted approval on May 20 for WonderFi's subsidiary Coinsquare Capital Markets. CIRO’s nod marked the last sign-off required with both companies now targeting a June 1 close, WonderFi said in a press release.