Reports suggest that eToro has submitted confidential filings with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO), marking a potential milestone for the platform.
Founded in 2007 as a “social investment network,” eToro was created to make capital markets more accessible to a global audience.
The platform allows users to trade a wide range of assets, including fractional stocks and cryptocurrencies.
This isn’t eToro’s first attempt at going public. In 2022, the company shelved plans for a $10.4 billion SPAC merger that would have listed it on Nasdaq.
Since then, eToro has continued to grow, securing $250 million in funding in 2023 at a valuation of $3.5 billion.
The firm has faced challenges along the way. In September 2024, its U.S. division agreed to pay $1.5 million and significantly limit its crypto trading offerings to resolve SEC charges.
Currently, the platform continues to provide trading options for Bitcoin, Bitcoin Cash, Ethereum, and other cryptocurrencies in the U.S., while maintaining its broader services globally.
Coinbase CEO Brian Armstrong has spotlighted a significant acceleration in institutional crypto adoption, driven largely by the surging popularity of exchange-traded funds and increased use of Coinbase Prime among major corporations.
The latest market turbulence, fueled by geopolitical tensions and investor fear, offered a textbook case of how sentiment swings and whale behavior shape crypto price action.
Jefferies chief market strategist David Zervos believes an upcoming power shift at the Federal Reserve could benefit U.S. equity markets.
Anchorage Digital, a federally chartered crypto custody bank, is urging its institutional clients to move away from major stablecoins like USDC, Agora USD (AUSD), and Usual USD (USD0), recommending instead a shift to the Global Dollar (USDG) — a stablecoin issued by Paxos and backed by a consortium that includes Anchorage itself.