Robinhood Markets exercised its right to extend the outside date for the completion of its indirect acquisition of all issued and outstanding common shares of WonderFi Technologies to December 19, 2025. The extension pushes the expected closing into the first half of 2026, pending regulatory approval and integration work.
The original transaction, announced on May 13, 2025, was an all‑cash deal at C$0.36 per share, valuing WonderFi at roughly C$250 million. The offer represented a 41 % premium to the closing price on May 12 and a 71 % premium to the 30‑day VWAP, underscoring Robinhood’s willingness to pay a substantial premium for access to Canada’s regulated crypto market.
WonderFi, a Canadian firm that operates the Bitbuy and Coinsquare platforms, manages more than C$2.1 billion in assets under custody as of November 2024. The acquisition gives Robinhood immediate exposure to a mature Canadian customer base and a proven regulatory track record in a jurisdiction that is increasingly attractive to U.S. crypto firms.
The extension was driven by the need to complete integration enhancements and secure additional regulatory approvals. Robinhood is aligning its technology stack with WonderFi’s Canadian operations, while the Canadian Competition Bureau and the Supreme Court of British Columbia have been reviewing the transaction. The additional time allows both parties to address any remaining compliance gaps and to refine the integration roadmap.
Strategically, the deal is a cornerstone of Robinhood’s broader crypto expansion. By adding Bitbuy and Coinsquare, the company gains a foothold in Canada, a market that offers a stable regulatory environment and a growing demand for digital asset services. The delay, while postponing revenue and technology synergies, ensures that the integration will be executed with minimal disruption to existing customers and operations.
The broader market context shows Robinhood’s aggressive push into crypto, highlighted by its 2024 acquisition of Bitstamp and its focus on European expansion. The Canadian market’s evolving regulatory landscape makes it an attractive target for U.S. firms facing domestic headwinds, and the extended timeline reflects the complexity of cross‑border regulatory coordination.
Overall, the extension signals Robinhood’s continued commitment to the acquisition while acknowledging the practical challenges of integrating a large Canadian crypto platform. The company’s decision to extend the deadline demonstrates a preference for thoroughness over speed, aiming to preserve regulatory compliance and operational stability as it scales its crypto offerings.
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