Robinhood’s latest push into Canada looks quite solid—it directly obtained a compliant license and captured $1.5 billion in assets under management, further expanding its North American crypto footprint.

CryptoWorld News: Robinhood has received final approval from Canadian regulators to acquire WonderFi for 250 million CAD, with the transaction expected to close on June 1. WonderFi’s subsidiary, Coinsquare Capital Markets, received approval on May 20, completing the final condition for the acquisition. Based in Toronto, WonderFi operates several regulated crypto businesses in Canada, including Bitbuy and Coinsquare. After the deal is completed, Robinhood will gain access to an established regulated crypto trading network in the Canadian market. Currently managing approximately 1.5 billion CAD in assets, WonderFi has expanded Robinhood’s crypto business in the rapidly growing digital asset market worldwide.