BTC
$104,934.70
+
0.57%
ETH
$2,495.21
-
0.76%
USDT
$1.0003
-
0.01%
XRP
$2.1763
+
0.48%
BNB
$657.54
+
0.44%
SOL
$155.59
+
0.37%
USDC
$0.9997
-
0.00%
DOGE
$0.1912
+
0.66%
TRX
$0.2709
+
0.64%
ADA
$0.6796
+
0.67%
SUI
$3.2836
+
0.92%
HYPE
$32.96
+
1.06%
LINK
$13.86
+
0.08%
AVAX
$20.63
-
0.30%
XLM
$0.2662
-
0.05%
BCH
$403.66
-
0.06%
LEO
$8.4856
-
1.99%
TON
$3.1388
-
0.59%
SHIB
$0.0₄1280
-
0.15%
HBAR
$0.1691
+
0.62%
Logo
  • News
  • Prices
  • Data
  • Indices
  • Research
  • Events
  • Sponsored
  • Sign In
  • Sign Up
Markets
Share this article
X iconX (Twitter)LinkedInFacebookEmail

EToro, Crypto-Friendly Trading Platform, Files for U.S. IPO

The trading platform is seeking a $5 billion valuation and could list as soon as the second quarter, the Financial Times said

By Francisco Rodrigues|Edited by Sheldon Reback
Jan 16, 2025, 4:07 p.m.
CoinDesk archives
(Shutterstock)

What to know:

  • Trading platform eToro filed to sell shares to the public on the New York Stock Exchange, and is seeking a $5 billion valuation.
  • If successful, the company will be one of the few publicly listed companies to offer crypto trading.
  • An attempt to go public in 2021 through a $10.4 billion SPAC deal, failed because of unfavorable market conditions.

EToro, a stocks and crypto trading platform targeting retail investors, is looking to sell shares to the public on the New York Stock Exchange, the Financial Times reported, citing a confidential filing with the U.S. Securities and Exchange Commission.

The sale, which could come as early as the second quarter, could value the company at more than $5 billion, the FT said. Goldman Sachs, Jefferies and UBS are advising the company.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.

If successful, eToro would join Coinbase (COIN) and Robinhood (HOOD) as one of the few publicly listed companies offering crypto trading in the U.S. It would be much smaller than either: Coinbase has a $69 billion market cap and Robinhood $40 billion.

The valuation would also be less than half the level it sought in 2021, when it planned to go public through a $10.4 billion deal with a special purpose acquisition company (SPAC). The attempt was abandoned late in 2022 as a result of unfavorable market conditions.

In 2023, eToro secured $250 million in funding at a $3.5 billion valuation from investors including SoftBank as its valuation plunged, according to the FT. The valuation has since risen amid an equity and cryptocurrency market rally, and after the company agreed to pay $1.5 million to settle SEC charges it operated as an unregistered broker and unregistered clearing agency and facilitated trading in some crypto assets as securities.

While eToro's cryptocurrency trading volume isn’t known, Finance Magnates reported last year that it surged more than 500% in the year ended November.

The company, founded in Israel in 2007, reportedly manages $11.3 billion for over 3 million customers. These assets include not only cryptocurrencies, but also stocks and exchange-traded funds.

Last year, as a result of its settlement with the SEC, it agreed to drop trading for multiple cryptocurrencies in the United States, limiting its users in the country to trade bitcoin (BTC), bitcoin cash (BCH), and ether (ETH).

The company did not respond to a request for comment.

eToroIPONYSE
Francisco Rodrigues

Francisco is a reporter for CoinDesk with a passion for cryptocurrencies and personal finance. Before joining CoinDesk he worked at major financial and crypto publications. He owns bitcoin, ether, solana, and PAXG above CoinDesk's $1,000 disclosure threshold.

Francisco Rodrigues
Latest Crypto News
Article image

Bitcoin Whales Seem to Be Calling a Top as BTC Price Consolidates

May 29, 2025

Bitcoin (BTC) price on May 19 (CoinDesk)

Bitcoin Climbs to $105K; Crypto ETF Issuer Sees 35% Upside

May 29, 2025

Breaking News

Breaking New test

May 29, 2025

FastNews (CoinDesk)

Fast News test

May 29, 2025

Article image

Ethereum Surges 4% on Massive Volume as Institutional Interest Grows.

May 27, 2025

Article image

test research article

May 22, 2025

Top Stories
President Donald Trump (TheDigitalArtist/Pixabay)

Bitcoin Poised to Top Record as Trump Inauguration Nears, Major Coins Due for 10% Swings: Traders

Jan 16, 2025

Screen Shot 2018-08-12 at 11.22.53 PM

In Rare Decision, ICO Founders Will Delay Crypto Paydays – For a Decade

Aug 13, 2018

(CJ/Unsplash)

XRP Futures Start Trading on CME

May 19, 2025

Credit: NASA

50 Cut as $60 Million Blockchain Project Nebulas Lays Off 60% of Staff

Jan 22, 2019

Bitcoin (BTC) price on May 19 (CoinDesk)

Bitcoin Climbs to $105K; Crypto ETF Issuer Sees 35% Upside

May 29, 2025

Breaking News

Breaking New test

May 29, 2025

Only 2 articles remaining this month.

Sign up for free

About

  • About Us
  • Masthead
  • Careers
  • CoinDesk News
  • Crypto API Documentation

Contact

  • Contact Us
  • Accessibility
  • Advertise
  • Sitemap
  • System Status
DISCLOSURE & POLICES
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.
EthicsPrivacyTerms of UseCookie SettingsDo Not Sell My Info

© 2025 CoinDesk, Inc.
X icon
Sign Up
  • News
    Back to menu
    News
    • Markets
    • Finance
    • Tech
    • Policy
    • Focus
  • Prices
    Back to menu
    Prices
    • Data
      Back to menu
      Data
      • Trade Data
      • Derivatives
      • Order Book Data
      • On-Chain Data
      • API
      • Research & Insights
      • Data Catalogue
      • AI & Machine Learning
    • Indices
      Back to menu
      Indices
      • Multi-Asset Indices
      • Reference Rates
      • Strategies and Services
      • API
      • Insights & Announcements
      • Documentation & Governance
    • Research
      Back to menu
      Research
      • Events
        Back to menu
        Events
        • Consensus Hong Kong
        • Consensus 2026
        • CoinDesk: Policy & Regulation
      • Sponsored
        Back to menu
        Sponsored
        • Thought Leadership
        • Press Releases
        • CoinW
        • MEXC
        • Phemex
        • Advertise
      • Videos
        Back to menu
        Videos
        • CoinDesk Daily
        • Shorts
        • Editor's Picks
      • Podcasts
        Back to menu
        Podcasts
        • CoinDesk Podcast Network
        • Markets Daily
        • Gen C
        • Unchained with Laura Shin
        • The Mining Pod
      • Newsletters
        Back to menu
        Newsletters
        • The Node
        • Crypto Daybook Americas
        • State of Crypto
        • Crypto Long & Short
        • Crypto for Advisors
      • Webinars & Events
        Back to menu
        Webinars & Events
        • Consensus 2025
        • Policy & Regulation Conference
      Select Language
      English enEspañol esFilipino filFrançais frItaliano itPortuguês pt-brРусский ruУкраїнська uk