Robinhood Markets announced an extension of the outside date for its all‑cash acquisition of WonderFi Technologies to June 1 2026, giving the brokerage more time to integrate technology and secure regulatory approvals in Canada.
The original deal, announced on May 13 2025, valued WonderFi at C$250 million (US$179 million). The extension follows a prior shift on November 10 2025 that moved the deadline to December 19 2025, reflecting the complexity of cross‑border crypto acquisitions.
The extension is intended to allow Robinhood to deploy its proprietary trading platform and compliance framework across WonderFi’s regulated exchanges, Bitbuy and Coinsquare, and to align the two companies’ product roadmaps before closing.
Management emphasized that the move supports Robinhood’s broader strategy to become a global financial ecosystem. CEO Vlad Tenev said the company is “building the backbone of the global financial system” through crypto, while CFO Jason Warnick highlighted the need for “responsible, fast expansion” in regulated markets.
Analysts view the extension as a prudent step to mitigate regulatory headwinds and integration risks. The deal is expected to close in the first half of 2026, positioning Robinhood to capture Canada’s growing crypto market and to leverage WonderFi’s $2.2 billion in client assets under custody.
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