May. 26 at 2:37 PM
$HOOD Robinhood just cleared the final regulatory hurdle to acquire WonderFi.
That gives
$HOOD access to regulated crypto infrastructure in Canada through Bitbuy, Coinsquare, and http://Bitcoin.ca.
Interesting timing:
• crypto trading revenue fell 47% YoY
• retail participation has cooled
• and Robinhood’s top crypto executive is leaving
Yet the company is still expanding aggressively.
The market often confuses volatility with weakness.
Robinhood seems to be treating this cycle as a chance to build distribution before the next wave arrives.