Israel-based financial services firm eToro reported a 54% jump in assets under management, reaching $17.5 billion, alongside strong growth in funded accounts during the second fiscal quarter. This surge has significantly boosted the company’s total annual earnings. Adjusted EBITDA rose 31% year-over-year to $72 million, driven by higher revenue and disciplined expense management. Analysts attributed these gains to both increased overall revenue and careful operational cost control. The cryptocurrency sector was a major contributor to this success, accounting for roughly $1.9 billion of eToro’s annual revenue and adding $300 million to its top line. eToro adopts a new strategy for its daily operations Building on its recent success, eToro announced plans to explore innovative approaches to enhance its products and services while creating a user-friendly investing environment. Among its strategies, the platform introduced 24/5 trading for 100 U.S. stocks and aims to expand its crypto offerings, including investments in digital assets and tokenized securities such as ETFs and futures. eToro expects these initiatives to drive continuous revenue growth in the second quarter. The company expressed satisfaction with its current performance and highlighted plans to allocate substantial resources to AI, citing growing demand for technology-driven solutions. One of the company representatives noted that eToro’s mission is to open new market opportunities while improving user experience. The Israel-based financial services company, founded in 2007, filed for IPO in May and went public in the US. During its first trading day, eToro raised around $620 million on the Nasdaq while the price of its ETOR shares escalated rapidly. This resulted in an increase in its valuation to around $6 billion. eToro provides more trading options for its users Concerning the announcement to launch tokenized digital securities, ETFs, and futures, Yoni Assia, the CEO of eToro, said that regulatory updates were the major factor behind this launch. He said, “We have always believed in a future where everything is tokenized.” Based on his argument, Blockchain technology is essential to achieve this, as it can transfer large sums of wealth as traditional assets undergo tokenization before being introduced in this system. The CEO further pointed out a few examples of these new regulations, including MiCA in Europe and the GENIUS Act in the US, which are game-changers in the digital assets ecosystem. eToro’s announcement sparks hope among investors as they can now use tokenized US stocks, such as those available on the New York Stock Exchange and Nasdaq, using the ERC-20 tokens available on the Ethereum blockchain system in their daily trading activities. Moreover, the firm has partnered with the CME Group to provide more reliable trading choices for tokenized futures. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
