eToro Finally Goes Public On Nasdaq

By: cryptosheadlines|2025/05/16 06:00:15

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com After four years of planning, eToro finally went public on the Nasdaq stock exchange on Wednesday. The trading platform, known for stocks and cryptocurrencies, took an essential step in its growth. eToro’s CEO, Yoni Assia, discussed the company’s history and role in the world of cryptocurrency during an interview on CNBC.eToro’s Early Bitcoin Bet Paid OffYoni Assia said eToro was among the first companies to enter the crypto market. The company began buying Bitcoin (BTC) when it was priced at only $5, holding it as part of the company’s funds. The platform was also the first regulated company in Europe to offer crypto trading to its users.Assia shared that the company’s Bitcoin investment grew from $50,000 to $50 million. However, the board decided to sell the Bitcoin, feeling it was not part of their primary business. Assia said it has been impressive to watch cryptocurrency grow. He described crypto as a new kind of capital market growing worldwide. Outside the U.S., eToro offers more than 130 different cryptocurrencies for trading. At the same time, eToro remains focused on the stock markets. Assia explained that famous investor Warren Buffett advised him to pay more attention to stocks than crypto. However, Assia stayed committed to both.Last year, 25% of eToro’s revenue came from cryptocurrency, while 75% came from stocks. The company helps customers trade on more than 20 stock markets worldwide.eToro Settles SEC Charges but Posts Strong Profits in 2024Last September, eToro agreed to pay $1.5 million to settle charges with the U.S. Securities and Exchange Commission (SEC). The SEC said eToro had operated as a broker and clearing agency without proper approval in its crypto business. The Israel-based firm did not admit to any wrongdoing but agreed to limit trading to a few cryptocurrencies, such as Bitcoin, Bitcoin Cash, and Ethereum (ETH), and to sell the rest of its crypto assets.Despite this, eToro reported strong financial results. In 2024, the company earned a net income of $192 million. About $12 million of this came from cryptocurrency trading. A quarter of all trading on the platform was in cryptocurrencies, showing a 10% increase from the previous year.eToro’s Stocks Climb Post IPO DebuteToro filed quietly for an initial public offering (IPO) in January, targeting a $5 billion valuation. The company initially set the IPO price range between $46 and $50 per share but raised it to $52 just before the launch. On the first day of trading, eToro’s stock price rose nearly 30% and closed around $67 per share.This strong start shows investors’ confidence in eToro’s approach, which combines cryptocurrency and traditional stock trading. It also points to a promising future as the company continues to grow.Source link

This uproar in the crypto circle appears to be a cultural conflict between a traditional economist and a crypto OG, but looking deeper, it is merely the new fire leveraging Fu Peng's influence in the traditional financial sector to pry open a batch of client funds that were originally difficult to r...

Why Private Credit Became the First True Bridge from TradFi to DeFi

Unveiling the core logic of private credit leading RWA: it is no longer just simple tokenization, but rather a true reshaping of the practical value of asset on-chain through real returns and deep integration with the DeFi ecosystem.

Senior cryptocurrency investor: Blockchain is showing a siphoning effect on capital

Stablecoins are the first real-world assets on the blockchain, but they will not be the last. Every billion dollars in stablecoins generates $12.2 billion in economic activity and $19 million in protocol revenue annually; once capital is on the blockchain, it gains productivity and does not go back.

When traditional crypto derivatives start to subtract: Insights from Hyper Trade's products

Say goodbye to complex contracts, as crypto derivatives begin to "subtract": This article breaks down how Hyper Trade reduces hardcore risk pricing into "second-level multiple-choice questions," reshaping the trading experience for retail investors.

My view on blockchain has changed

In-depth Reflection on the Value of Blockchain Applications and the Time Dimension

Will AI Agents use bank cards? Why can't Agentic Payment avoid stablecoins and blockchain?

Why can't AI agents just swipe bank cards? An article to understand the new tiered payment system: stablecoins and blockchain are becoming the exclusive settlement language and verifiable trust foundation of the "machine economy" era.