Canadian regulators approve Robinhood's acquisition of digital asset company WonderFi

CoinFeed 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, originally scheduled to close in the second half of last year, was extended to June 1st of this year to allow Robinhood to deploy proprietary technology in Canada and obtain regulatory approval. Previously, in May of last year, it was reported that Robinhood would acquire Canadian crypto platform WonderFi for C$250 million.