With $18 billion, it has secured dual licenses in Canada—regulatory arbitrage is understood and played to perfection. Now, U.S. retail investors have a smoother channel to buy crypto, while Canadian local players will have to get used to the new master. The playbook of traditional brokerage firms swallowing crypto platforms is still accelerating in 2025.

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)