The Globe and Mail reports in its Tuesday edition that Robinhood Markets is bringing its popular trading app to Canadians after completing its acquisition of cryptocurrency company Wonderfi. The Globe's Meera Raman writes that $250-million deal closed on Monday, more than a year after the two companies announced their plans. On May 20, the Canadian Investment Regulatory Organization approved the purchase of Wonderfi, in which Robinhood is paying 36 cents per Wonderfi share. "Our goal is to become one of the top players in the space," Robinhood's crypto manager Johann Kerbrat told The Globe. The acquisition marks the latest battle in the race for Canada's self-directed investors. As more Canadians, particularly younger investors, turn to mobile apps to trade stocks, exchange-traded funds and cryptocurrencies, competition has intensified among fintech companies looking to become their primary financial app. For Robinhood, the acquisition creates a new challenger to Wealthsimple and Questrade. In the U.S., Robinhood is a big player in prediction-market trades, where users place "yes" or "no" wagers on real-world events, such as sports, politics or weather. Canadian securities regulators do not allow such transactions.