EToro, Crypto-Friendly Trading Platform, Files for U.S. IPO

2025-1-17 19:07

EToro, a stocks and crypto trading platform targeting retail investors, is looking to sell shares to the public on the New York Stock Exchange, the Financial Times reported, citing a confidential filing with the U.S. Securities and Exchange Commission.

The sale, which could come as early as the second quarter, could value the company at more than $5 billion, the FT said. Goldman Sachs, Jefferies and UBS are advising the company.

If successful, eToro would join Coinbase (COIN) and Robinhood (HOOD) as one of the few publicly listed companies offering crypto trading in the U.S. It would be much smaller than either: Coinbase has a $69 billion market cap and Robinhood $40 billion.

The valuation would also be less than half the level it sought in 2021, when it planned to go public through a $10.4 billion deal with a special purpose acquisition company (SPAC). The attempt was abandoned late in 2022 as a result of unfavorable market conditions.

In 2023, eToro secured $250 million in funding at a $3.5 billion valuation from investors including SoftBank as its valuation plunged, according to the FT. The valuation has since risen amid an equity and cryptocurrency market rally, and after the company agreed to pay $1.5 million to settle SEC charges it operated as an unregistered broker and unregistered clearing agency and facilitated trading in some crypto assets as securities.

While eToro's cryptocurrency trading volume isn’t known, Finance Magnates reported last year that it surged more than 500% in the year ended November.

The company, founded in Israel in 2007, reportedly manages $11.3 billion for over 3 million customers. These assets include not only cryptocurrencies, but also stocks and exchange-traded funds.

Last year, as a result of its settlement with the SEC, it agreed to drop trading for multiple cryptocurrencies in the United States, limiting its users in the country to trade bitcoin (BTC), bitcoin cash (BCH), and ether (ETH).

The company did not respond to a request for comment.

origin »

Sharpe Platform Token (SHP) на Currencies.ru

$ 0.0004599 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0.0004599 - H: $0.0004599
Капитализация $8.007k Rank 99999
Доступно / Всего 17.41m SHP

platform trading second list soon financial said

platform trading → Результатов: 126


CoinCall Launches Early Bird Program for Next-Gen Crypto Derivatives Trading Platform

CoinCall, a trading and portfolio management platform specializing in crypto options and futures, has announced the launch of its Early Bird Program. The platform, designed to make derivatives trading accessible to both beginners and professional traders, will provide users with cutting-edge technology, a user-friendly UI, lightning-fast execution, and top-of-the-line security features.

2023-6-19 10:00


Crypto-Focused Social Trading Platform NAGAX Opens For Pre-Registration

Users can now sign up to use the social investing and cryptocurrency trading platform NAGAX ahead of its official launch on March 7. The platform has announced official pre-registration is now live, giving ambitious traders the chance to become some of the first to experience its unique social trading and autocopy feature that makes it […]

2022-2-17 17:00


Symbiont And Vanguard Start Testing Blockchain-based Technology For Forex Trading

Giant mutual fund company Vanguard Group is reportedly testing a blockchain-powered foreign exchange (FX) trading platform to allow asset managers to easily trade currencies. According to a report by Bloomberg, Vanguard Group has teamed up with Symbiont which offers blockchain technology to develop the FX trading platform. The new platform will allow asset managers to […]

2019-10-3 23:27


Six Korean Fintech Firms Join Hands To Develop A Blockchain For OTC Securities Trading

Six fintech companies in South Korea have signed an agreement to create a blockchain-based platform that will help in trading of unlisted securities. CoinDesk reports that the aim of the consortium is to create a blockchain platform that will reduce the costs of transactions, fasten them and make them secure. The platform will aim at […]

2019-8-9 00:54


eToro Officially Launches Crypto Trading Platform & Wallet in the U.S.

Global platform allows U. S. customers from 32 states and U. S. territories to trade 13 cryptoassets with multi-asset trading to arrive in Q1 2020 New York, NY — March 7, 2019 — eToro, a global multi-asset trading platform with over 10 million registered users, announced the launch of its platform and cryptoasset wallet in the United States.

2019-3-8 22:43


Overstock’s tZERO Trading Platform to Go Live This Month

The CEO of Overstock.com, Patrick Byrne, informed the crypto and investing communities that the highly anticipated tZERO security trading platform will go live by the end of next week. Mr. Byrne provided this information to Coindesk and stated that the trading platform was ready for launch but they needed a few more days to process […] The post Overstock’s tZERO Trading Platform to Go Live This Month appeared first on Ethereum World News.

2019-1-19 12:00


Litecoin and Bitcoin Cash could Smoke as Robinhood decides to add them

The competition for who will be the leader in online cryptocurrency trading platform was increased as one of the major platforms Robinhood announced an update in its trading platform. Although the market presently is sluggish and many did not expect this to happen presently due to the bearish nature of the market, that they will […] The post Litecoin and Bitcoin Cash could Smoke as Robinhood decides to add them appeared first on ZyCrypto.

2018-7-13 22:23