eToro Agrees to Buy TradeZero for Up to $231 Million to Expand US Business
JH Kim
Summary
- eToro has agreed to acquire online brokerage TradeZero for up to $231 million to expand its US business, Decrypt reported.
- The purchase price will be paid in cash and up to 2.5 million newly issued eToro shares, and the deal is scheduled to close in the first half of 2027.
- eToro plans to use the acquisition to secure broker-dealer infrastructure in the US and accelerate the launch of new products.
Forecast Trend Report by Period
Crypto and stock trading platform eToro has agreed to acquire online brokerage TradeZero for up to $231 million to expand its US business, Decrypt reported on Aug. 11.
The purchase price will be paid in cash and up to 2.5 million newly issued eToro shares. The deal is scheduled to close in the first half of 2027.
TradeZero provides stock and options trading services in the US and Canada. eToro plans to use the acquisition to secure broker-dealer infrastructure in the US and accelerate the launch of new products.
JH Kim
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