Robinhood announces that it has officially completed the acquisition of Toronto-based digital asset services company WonderFi, valued at $18 billion. WonderFi operates two regulated Canadian crypto platforms, Bitbuy and Coinsquare. After the acquisition, the operations of both platforms will be integrated into Robinhood, and their users will be invited to migrate to the Robinhood App. The acquisition was first announced in May 2025, but the deadline was extended by both parties to give Robinhood time to deploy its proprietary technology in Canada and complete regulatory approvals, and the deal was finalized today. (TheBlock)

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LimeMulti-Signature
· 3h ago
Only after the deployment of proprietary technology is complete does it count as being wrapped up; it seems Robinhood doesn’t just want to hang a sign—it truly plans to operate long-term.
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FudAlsoNeedsAnImage
· 3h ago
Announced in May 2025, the settlement is only happening now, and the M&A pace in the crypto industry is even slower than traditional finance.
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PerpPaperTiger
· 3h ago
Robinhood's move is impressive; they directly acquired Canada's two major platforms for 18 billion, expanding their North American footprint once again.
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0xCandleQuiet
· 3h ago
The merger of the two platforms will change the competitive landscape of the Canadian market.
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0xLateAgain
· 3h ago
WonderFi was acquired quite decisively; local players ultimately can't compete with the wallet depth of U.S. stock giants.
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NodeUnderTheAurora
· 3h ago
Canadian regulatory approval has finally been granted; Robinhood's compliance capabilities are indeed stronger than expected.
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TheSkyInsideTheMirroredSphere
· 3h ago
Extending the deadline was originally for deploying their own technology; this move is steady and cautious, not a reckless acquisition.
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HodlBystander
· 3h ago
Bitbuy and Coinsquare users are moving to a new platform—hoping the experience won’t feel like it doesn’t suit them.
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