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eToro Strikes $231M TradeZero Deal to Accelerate U.S. Expansion
['Tue', 'August', 'At Pm Gmt', 'Min Read']
Yahoo Finance
eToro Strikes $231M TradeZero Deal to Accelerate U.S.
The consideration will consist of cash and up to 2.5 million newly issued eToro Class A common shares, subject to customary adjustments.
TradeZero gives eToro a more established foothold with active U.S. traders while extending its reach into Canada and other international markets.
For eToro, the deal adds another layer to a U.S. expansion strategy built around offering a wider mix of investing products from a single platform.
Buying TradeZero brings a more specialized active-trading audience into that mix, along with regulatory infrastructure that could shorten the path to new U.S. products.