eToro Plans Wall Street Debut With IPO
eToro, a leading crypto trading firm and stock brokerage platform, is planning to go public after abandoning its merger plans with FinTech Acquisition Corp. CEO Yoni Assia has highlighted the company's strong revenue and profitability metrics, with $630 million in revenue reported for 2023 and $100 million in EBITDA achieved in the same year. eToro primarily generates revenue from trading-related fees and has a membership model called eToro Club. The company has also made strategic acquisitions, including Deep, a company specializing in content automation, and is committed to leveraging AI to enhance its product offerings and empower its user base.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Blockchain Group’s €342M Share Issuance Could Signal Institutional Bitcoin Accumulation Trends

Deep Dive | June 9th
Swellchain transactions surge on gaming activity.

Memecoin ETFs Predicted by 2026: Analyst Identifies Single Challenge Ahead
Bloomberg Analyst Foresees 2026 Debut for Active Memecoin ETFs, Pending Regulatory Approval: Are Investors Ready for This New Frontier in Crypto?

Ethereum, Ripple, Cardano Show Gains Amid Market Buoyancy
Trending news
MoreCrypto prices
More








