Shares of eToro, a stock brokerage and cryptocurrency trading platform, closed 29% higher at $67 following their debut on Nasdaq, which valued the firm at approximately $5.4 billion. This listing marked a notable success for the Israel-based company, which raised $310 million through the sale of 6 million shares at $52 each. eToro’s strong debut reflects a shift toward a more favorable environment for crypto firms, despite ongoing regulatory scrutiny. The firm operates under a settlement with the SEC, now only offering trading in three cryptocurrencies in the U.S.: Bitcoin, Ethereum, and Bitcoin Cash. eToro's revenue from digital assets surged to $12.4 billion from $3.4 billion year-on-year, with the platform emphasizing its role in providing access to the crypto market. Co-founder Yoni Assia described crypto as a revolutionary technology that aligns with eToro's mission of transparency and inclusion in financial systems.

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