Robinhood Clears Final Regulatory Approval for $180M WonderFi Acquisition, Targeting June 1 Close

According to WonderFi's announcement on Monday, Robinhood cleared final regulatory approval for its C$250 million ($180 million) acquisition of WonderFi after Canada's Investment Regulatory Organization (CIRO) granted approval on May 20. Both companies are now targeting a June 1 close. WonderFi is a Toronto-based digital asset platform that owns regulated crypto brands including Bitbuy, Coinsquare, and Bitcoin.ca.
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