Crypto Trading Platform eToro Lists on Nasdaq, Valued at $4.2 Billion
The post Crypto Trading Platform eToro Lists on Nasdaq, Valued at $4.2 Billion appeared on BitcoinEthereumNews.com. eToro lists on Nasdaq, raising $310 million and is valued at $4.2B The platform revenue soars 200%, contributing to strong IPO growth eToro becomes first U.S.-based crypto company to go public in 2025 eToro, a popular cryptocurrency and stock trading platform, has officially listed on the Nasdaq exchange. The company listed 6 million shares at $52, and as a result, it raised about $310 million. As a result, eToro is now worth $4.2 billion. eToro’s Crypto Revenue Grows Over 200% in 2024 The company was able to go public because of its outstanding financial achievements. eToro’s net income recorded a big climb, from $15.3 million in 2023 to $192.4 million in 2024. This big gain happened as people became more interested in cryptocurrency and joined eToro from all over the world. The company has made a strong effort to grow its crypto services. Revenue from crypto assets grew by more than 200% in 2024 and reached above $12 million. For net trading revenue, crypto has grown from 10% in the previous year to now accounting for 25%. This increase proves that eToro is making the most of growing interest in cryptocurrencies among smaller investors. It generates income by charging trading fees that are made up of spreads on orders. In addition, it brings in income from services other than trading, such as currency conversions and fees for withdrawals. At the end of 2024, eToro reported 3.5 million funded account holders in more than 75 countries. More people joining from many countries indicate that eToro is becoming popular internationally. Many think that eToro’s decision to launch its IPO now is good for investor confidence. Economic conditions have improved lately, which suggests the IPO market is starting to improve. Donald Trump’s return to the presidency in January 2025 and the drop in…
The post Crypto Trading Platform eToro Lists on Nasdaq, Valued at $4.2 Billion appeared on BitcoinEthereumNews.com.
eToro lists on Nasdaq, raising $310 million and is valued at $4.2B The platform revenue soars 200%, contributing to strong IPO growth eToro becomes first U.S.-based crypto company to go public in 2025 eToro, a popular cryptocurrency and stock trading platform, has officially listed on the Nasdaq exchange. The company listed 6 million shares at $52, and as a result, it raised about $310 million. As a result, eToro is now worth $4.2 billion. eToro’s Crypto Revenue Grows Over 200% in 2024 The company was able to go public because of its outstanding financial achievements. eToro’s net income recorded a big climb, from $15.3 million in 2023 to $192.4 million in 2024. This big gain happened as people became more interested in cryptocurrency and joined eToro from all over the world. The company has made a strong effort to grow its crypto services. Revenue from crypto assets grew by more than 200% in 2024 and reached above $12 million. For net trading revenue, crypto has grown from 10% in the previous year to now accounting for 25%. This increase proves that eToro is making the most of growing interest in cryptocurrencies among smaller investors. It generates income by charging trading fees that are made up of spreads on orders. In addition, it brings in income from services other than trading, such as currency conversions and fees for withdrawals. At the end of 2024, eToro reported 3.5 million funded account holders in more than 75 countries. More people joining from many countries indicate that eToro is becoming popular internationally. Many think that eToro’s decision to launch its IPO now is good for investor confidence. Economic conditions have improved lately, which suggests the IPO market is starting to improve. Donald Trump’s return to the presidency in January 2025 and the drop in…
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