Robinhood Secures CIRO Approval for WonderFi Deal, Closing June 1
HOOD•Robinhood secured Canadian Investment Regulatory Organization (CIRO) approval on May 20, 2026 for its statutory plan to acquire WonderFi Technologies’ Coinsquare Capital Markets unit. The transaction, previously approved by securityholders and the Supreme Court of British Columbia, is expected to close on or about June 1, 2026 with no further approvals required.
1. CIRO Approval Secured
On May 20, 2026, the Canadian Investment Regulatory Organization approved Robinhood’s statutory plan to acquire WonderFi’s Coinsquare Capital Markets unit, satisfying Canada’s final regulatory requirement with no additional approvals pending.
2. Closing Conditions and Timeline
Following securityholder approval on July 17, 2025 and a final order from the Supreme Court of British Columbia on July 21, 2025, the arrangement is scheduled to close on or about June 1, 2026, subject only to customary closing conditions.
3. Strategic Rationale
WonderFi contributes regulated trading platforms, decentralized finance products and market-leading brands such as Bitbuy and Coinsquare, strengthening Robinhood’s global crypto services and non-custodial wallet capabilities.
4. Expected Impact
The acquisition will expand Robinhood’s foothold in regulated Canadian crypto markets, broaden its digital asset ecosystem, and potentially boost transaction volumes and diversify revenue streams.
