PANews reported on May 26 that, according to PYMNTS, Canadian regulators have approved Robinhood's acquisition of digital asset company WonderFi. WonderFi, headquartered in Toronto, owns platforms such as Bitbuy and Coinsquare. The deal was originally scheduled to close in the second half of last year but was extended to June 1st of this year to allow Robinhood to deploy its proprietary technology in Canada and obtain regulatory approval.

In May of last year, it was reported that Robinhood would acquire Canadian crypto platform WonderFi for 250 million Canadian dollars .