"Couldn't be more excited"- Shark Tank investor Kevin O'Leary reveals his views on Robinhood acquiring WonderFi

Shark Tank investor Kevin O'Leary has expressed enthusiastic support for Robinhood's recent acquisition of Canadian cryptocurrency company WonderFi. Taking to Instagram, O'Leary shared his optimism about the deal's potential impact on cross-border trading:

"Robinhood is acquiring @wonderfi and I couldn't be more excited. Why? This deal is going to transform cross-border trading. We're finally connecting crypto between Canada and the U.S. right before stablecoin regulations hit. FX trading is about to get a major upgrade."

The entrepreneur Kevin O'Leary, known for his straight-talking investment advice on ABC's popular business reality show Shark Tank, highlighted practical benefits for consumers, adding:

"No more outrageous bank fees. You'll be able to move money between your Canadian and U.S. accounts instantly and at a fraction of the cost."

Robinhood just made a bold move north of the border, announcing a roughly C$250 million (US$179 million) all-cash deal to acquire WonderFi. The agreement, expected to close in the second half of 2025, marks a major leap in Robinhood’s global crypto ambitions.

With this buyout, the U.S.-based trading app gains a foothold in Canada’s booming digital currency scene—plus ownership of homegrown brands like Bitbuy and Coinsquare. In short, Robinhood’s packing its parka and heading straight into the crypto wilds of the Great White North.

Kevin O'Leary predicts cross-border benefits from the acquisition

Robinhood isn’t just dipping a toe into Canada’s crypto waters—it’s diving in with a C$0.36 per-share offer for WonderFi, a 41% premium over the May 12 closing price (and a whopping 71% above the 30-day average). According to Kevin O'Leary, that kind of premium says one thing: they mean business.

WonderFi, which manages around C$2.1 billion in assets under custody, is no small fish in the Canadian crypto pond. CEO Dean Skurka called the deal a perfect match, saying both companies share a vision of making crypto more accessible.

“We’re thrilled to join the Robinhood team and super-charge our offerings,” he said—translation: buckle up, Canada, crypto just got a boost.

Kevin O'Leary's enthusiasm stems from the practical improvements he foresees for users who manage finances across the U.S.-Canadian border. His comments suggest the acquisition will address a persistent pain point for cross-border traders: expensive and slow currency transfers.

The Shark Tank investor, who has previously backed several fintech ventures, believes the timing is particularly strategic with upcoming stablecoin regulations. According to Kevin O'Leary, these regulatory changes, combined with the unified platform, could revolutionize how money moves between the two countries.

Robinhood’s Canadian strategy

This acquisition follows Robinhood's establishment of a Toronto headquarters in 2024, highlighting the company's commitment to the Canadian market. Johann Kerbrat, SVP and General Manager of Robinhood Crypto, explained the strategic fit:

"WonderFi has built a formidable family of brands serving beginner and advanced crypto users alike, making them an ideal partner to accelerate Robinhood's mission in Canada."

The deal will bring approximately 140 WonderFi employees under the Robinhood umbrella. Importantly, current WonderFi leadership, including CEO Dean Skurka, will remain with the company to ensure operational continuity and smooth integration of services.

For Robinhood, which recently saw the U.S. Securities and Exchange Commission drop its investigations into alleged securities law violations, this acquisition represents a fresh opportunity to strengthen its position in the cryptocurrency sector while expanding its international footprint.

According to Kevin O'Leary, the move signals Robinhood's confidence in cryptocurrency's future despite market fluctuations, suggesting the platform sees significant growth potential in connecting North American crypto markets through a unified, low-cost trading experience.

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Shark Tank airs Fridays at 8 p.m. ET on ABC and streams next day on Hulu.

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