News Summary

Toronto-based cryptocurrency company WonderFi’s acquisition by United States trading platform Robinhood Markets has been postponed to the first half of 2026 due to additional development work and required regulatory approvals. This $250 million CAD deal, initially expected to close in late 2025, will see WonderFi’s leadership and 115-person team join Robinhood Crypto’s Canadian workforce. Despite the delay, WonderFi continues to operate its products and has consolidated several crypto trading platforms under the Bitbuy and Coinsquare brands, holding over $1.9 billion in client assets. The company has faced internal governance challenges, including competing bids and significant payouts to dissenting investors. Robinhood, which has established a Canadian headquarters in Toronto, employs 140 people in Canada.