Robinhood Acquires WonderFi Following Regulatory Approval

Robinhood has received approval from Canadian investment regulators to acquire crypto services company WonderFi. According to Foresight News, WonderFi offers products related to crypto trading, staking, and custody. The acquisition was initially scheduled for completion in the latter half of last year, but the parties extended the closing date to June 1 this year to allow Robinhood more time to deploy its proprietary technology in Canada and secure regulatory approval.