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EToro company could be in the process of preparing an IPO for 2021 – Cryptocurrencies

eToro IPO

Will the gradual shift from traditional finance to new finance accelerate in 2021? Bitcoin (BTC) is increasingly “appealing” to institutional investors, with big names on Wall Street praising the oldest of crypto. Ethereum (ETH) has launched its beacon chain and may release a few features of ETH2 critical to network scalability, important points that could accelerate the pace of DeFi growth in 2021. 2021 could also see the entry of at least 2 major crypto exchanges into traditional financial markets.

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The year of the bull for Bitcoin and eToro

Rumors are circulating about the possible launch of a takeover bid (IPO) by eToro in 2021.

The trading platform would participate in the program ” Elite ” of London Stock Exchange, to prepare this IPO.

A spokesperson foreToro refused to confirm or deny these rumors. However, company employees shared an article from the Israeli daily. Calcalist, apparently courtesy of CEO of eToro, Yoni Assia.

This article indicates that the platform aims to launch a IPO in the 2nd quarter of 2021, after having doubled its revenues and gained nearly 5 million new customers in 2020.

EToro would conduct negotiations with Goldman Sachs who could be in charge of operations.

eToro: roots firmly planted in the land of traditional trading and cryptocurrencies

Coinbase recently filed an application with the Securities and Exchange Commission (DRY) to launch its first IPO in 2021. Coinbase would also have appealed to Goldman Sachs to direct his IPO.

Founded in 2007, eToro is now a well-known player, especially among traders. The platform offers a wide variety of assets for trading: stocks, commodities, currencies and digital assets.

A significant portion of the income ofeToro would come from cryptocurrencies, in particular United States.

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EToro has a social trading feature that allows a trader to follow and adopt the strategy of his peers and other more experienced traders.

There is a bit of traditional finance in the new finance, and vice versa. Coinbase and eToro’s IPO could improve the legitimacy of cryptocurrencies with traditional investors. The new finance is built by mixing the ups and downs of yesterday, today, and tomorrow. Rupture there will be but, it will be smooth – without cries or tears, and no need for chocolate ice cream to console yourself.

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