Crypto-friendly trading company eToro was rumoured to be planning for the 2021 IPO

Spread the love

eToro has ambitions to join Coinbase as a public company as the social trading platform looks to a 2021 IPO.

Trading platform eToro reportedly could go public in 2021. Sources told Cointelegraph that eToro has been working with the London Stock Exchange’s “Elite” program to prepare for an initial public offering.

“EToro does not comment on market rumours,” an eToro representative told Cointelegraph.

However, employees at eToro have shared an article from Israel-based media outlet Calcalist announcing the IPO on LinkedIn, apparently with the blessing of CEO Yoni Assia.

EToro “is targeting an IPO in the second quarter of 2021 after doubling its revenue to $500 million and gaining five million new customers in 2020,” says the Tuesday article from Calcalist. “The company is currently in talks with investment bank Goldman Sachs regarding leading the IPO,” Calcalist added.

Coinbase recently filed with the United States Securities and Exchange Commission to run an initial public offering in 2021.

RECOMMENDED READ:  How much Crypto Trading Ban Has Hit Indian Traders

A number of mainstream financial entities, such as MicroStrategy, have started a trend of institutional Bitcoin investments. Coinbase’s move to go public, along with hints at a similar move from eToro, could stimulate further adoption of cryptocurrency. Voyager, a digital-asset brokerage platform, also went public in Canada earlier this year.

 1,468 Interactions,  16 today

READ ALSO:
Current week’s top five cryptos to keep an eye on are BTC, XLM, MIOTA, XMR, and XTZ.

Traders tend to be waiting for a signal to initiate the next leg of Bitcoin's uptrend, and if that occurs, Read more

Keep an eye on these main technical thresholds as Bitcoin – “The Beautiful Coin” approaches its all-time peak of $61,800.

Bitcoin has broken through the $61,000 barrier for the first time since early March, and markets are being bullish. On Read more

Bitcoin fell by more than 4%, causing many other cryptocurrencies to plummet drastically.

The world's most expensive cryptocurrency fell 4.1 percent, bringing several other coins down with it, sending the economy into the Read more

Bitcoin at $60,000: What’s holding it back?

After recent price corrections, Bitcoin has been able to re-establish itself on the charts and is already trading incredibly close Read more

The fall in Bitcoin volatility paves the way for banks – JPMorgan

According to JPMorgan Chase & Co., the recent decrease in Bitcoin volatility is setting the way for a development that Read more

Bitcoin futures premium reaches 30%, but analysts suggest, it’s unlike before

March 30 may go down in history as a day that Bitcoin (BTC) enthusiasts will recall for a long time. Read more

How slightest change from equities to Bitcoin would result in this massive shift.

Despite a few days of corrections, Bitcoin was already well positioned at the time of writing to consolidate its place Read more

Critical Ethereum indicator you should be aware of

Given the fact that a vast number of ETH "killers" and rivals are gaining traction in the first quarter of Read more

Conditions for Chainlink’s ascension to its next “All Time High”

2021 proved to be a decisive year for Chainlink; since the beginning of the year, LINK has been able to Read more

Here’s arguably the most important aspect shaping the fortunes of the Bitcoin market.

Bitcoin and the broader blockchain industry have captured a lot of attention in recent months and years. Cryptocurrencies are now Read more

Leave a Reply

Contact Us