Robinhood Secures Canada Approval for WonderFi Acquisition, Adding $1.5 Billion in AUC
Robinhood’s acquisition of WonderFi Technologies has received regulatory approval in Canada, clearing a key step in the company’s expansion in the country’s digital-asset market. WonderFi operates crypto platforms Bitbuy and Coinsquare and has about $1.5 billion in assets under custody.
The approval would give Robinhood a larger crypto footprint in Canada through WonderFi’s exchange businesses. Bitbuy and Coinsquare would extend Robinhood’s presence in a market where it has been seeking to build out its digital-asset operations.
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@stockmktnewzRobinhood's $HOOD acquisition of WonderFi Technologies has received regulatory approval from Canada 🇨🇦 - SA
@stocksavvyshay$HOOD acquisition of WonderFi Technologies has received regulatory approval in Canada. WonderFi operates Bitbuy and Coinsquare with ~$1.5B in AUC giving Robinhood a larger crypto footprint in one of the world’s fastest-growing digital asse