Ronen Assia told Bloomberg that eToro has cash available for M&A deals.
The company held about $1.2 billion in cash and cash equivalents as of 30 June.
eToro, Source: Shutterstock
eToro (Nasdaq: ETOR) is ready for more ambitious merger and acquisition activity and has the cash to pursue deals, the company’s co-founder and executive director, Ronen Assia, confirmed to Bloomberg.
As of 30 June, the Israeli company had about $1.2 billion in cash and cash equivalents, and a cash position of $988 million without debt. The company’s financials are now public following its IPO earlier this year.
eToro’s M&A Ambitions
“We’re looking to do more ambitious stuff involving acquisitions,” Assia told the publication on the sidelines of the Ambrosetti Forum in Cernobbio, on the shores of Lake Como.
Ronen Assia, eToro's co-founder
Founded in 2007, eToro has made several acquisitions over the years. Among the earliest were Denmark’s Firmo in 2019, a provider of tokenisation infrastructure, followed by Delta, a crypto portfolio tracker. The Israeli firm also bought FCA-regulated Marq Millions, later rebranded to eToro Money, and then Bullsheet, a portfolio analytics tool. The financial terms of these deals remain undisclosed.
In 2022–23, the fintech acquired US-based options broker Gatsby for $50 million in cash and stock, later integrating and rebranding it as eToro Options. The company also expanded into Australia by acquiring Spaceship, a local investing and superannuation app, for about $55 million.
Although eToro made its name through copy trading services, it now positions itself as a broader fintech and generates a significant share of revenue from crypto offerings. FinanceMagnates.com earlier reported that the Nasdaq-listed company netted $30 million on revenue of $207 million in the second quarter of 2025.
"We have a robust M&A pipeline," an eToro representative told FinanceMagnates.com. "We will maintain a disciplined approach and only proceed if a target passes our due-diligence process and meets business and financial criteria that can drive growth and profitability."
Hesitant on Prediction Markets
Despite diversifying, the company is not looking to enter prediction markets, which have attracted rivals such as Robinhood and Crypto.com.
“I personally don’t believe prediction markets are a long-term investment tool,” Assia said.
Prediction markets allow people to bet on binary outcomes of events, ranging from celebrity marriages to election results. Recently, some platforms have added sports wagering, arguing that these markets do not fall under existing gambling regulations.
While bookmakers set odds in conventional sports betting, prediction markets allow customers themselves to set the odds.
eToro (Nasdaq: ETOR) is ready for more ambitious merger and acquisition activity and has the cash to pursue deals, the company’s co-founder and executive director, Ronen Assia, confirmed to Bloomberg.
As of 30 June, the Israeli company had about $1.2 billion in cash and cash equivalents, and a cash position of $988 million without debt. The company’s financials are now public following its IPO earlier this year.
eToro’s M&A Ambitions
“We’re looking to do more ambitious stuff involving acquisitions,” Assia told the publication on the sidelines of the Ambrosetti Forum in Cernobbio, on the shores of Lake Como.
Ronen Assia, eToro's co-founder
Founded in 2007, eToro has made several acquisitions over the years. Among the earliest were Denmark’s Firmo in 2019, a provider of tokenisation infrastructure, followed by Delta, a crypto portfolio tracker. The Israeli firm also bought FCA-regulated Marq Millions, later rebranded to eToro Money, and then Bullsheet, a portfolio analytics tool. The financial terms of these deals remain undisclosed.
In 2022–23, the fintech acquired US-based options broker Gatsby for $50 million in cash and stock, later integrating and rebranding it as eToro Options. The company also expanded into Australia by acquiring Spaceship, a local investing and superannuation app, for about $55 million.
Although eToro made its name through copy trading services, it now positions itself as a broader fintech and generates a significant share of revenue from crypto offerings. FinanceMagnates.com earlier reported that the Nasdaq-listed company netted $30 million on revenue of $207 million in the second quarter of 2025.
"We have a robust M&A pipeline," an eToro representative told FinanceMagnates.com. "We will maintain a disciplined approach and only proceed if a target passes our due-diligence process and meets business and financial criteria that can drive growth and profitability."
Hesitant on Prediction Markets
Despite diversifying, the company is not looking to enter prediction markets, which have attracted rivals such as Robinhood and Crypto.com.
“I personally don’t believe prediction markets are a long-term investment tool,” Assia said.
Prediction markets allow people to bet on binary outcomes of events, ranging from celebrity marriages to election results. Recently, some platforms have added sports wagering, arguing that these markets do not fall under existing gambling regulations.
While bookmakers set odds in conventional sports betting, prediction markets allow customers themselves to set the odds.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
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Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
