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eToro reaches 13 million registered users worldwide
Investment platform eToro has reached 13 million registered users worldwide as more people try to access financial markets worldwide.
The platform saw a 427% increase in new users worldwide, making their first deposit to the platform in the first four months of the year compared to the same period last year.
eToro launched commission-free equity investing for users in the UK and Europe last May. Stock trading on the platform has tripled since the beginning of 2020, and eToro hopes to expand its commission-free offering soon to Asia-Pacific and to the US later this year.
Yoni Assia, CEO and co-founder of eToro, said:
“Coronavirus-induced market volatility has been a focus of media worldwide and has increasingly brought the topic of investing to people’s radar. We have seen a large increase in trading volumes on eToro from both new and existing users since early 2020.
We started eToro on a mission to open global financial markets so that everyone could invest in a simple and transparent way. 13 million is a fantastic milestone, but we have more to do to ensure that everyone feels they have the knowledge and confidence to invest and grow their wealth. ”
Founded in 2007, eToro has grown into a company with more than 850 employees in 10 offices and users in more than 100 countries. The website and customer service are available in 21 and eight 8 languages respectively, making it a truly global platform.
“We have scaled our operational capabilities over the past 13 years to provide our multi-asset services to people in more than 100 countries,” said Assia. “Now, more than ever, we focus on evolving our product offering to meet changing customer demands. We were one of the first to offer Bitcoin in 2013 and we now offer 15 cryptos alongside more traditional assets like stocks, ETFs and commodities.
In these challenging times, we can proudly say that we are a financially stable and profitable company. We continue to take on the talent we need to support our growth and after making two acquisitions last year (Firmo and Delta), we continue to look for further acquisitions. ”
The eToro platform allows people to invest in the assets they want, from stocks and commodities to cryptoassets. Users can also choose how they invest. They can execute a transaction themselves, copy another user or invest in a portfolio.
eToro was founded in 2007 with the vision to open up world markets so that everyone can invest in a simple and transparent way. The eToro platform allows people to invest in the assets they want, from stocks and commodities to cryptoassets. We are a global community of over 13 million registered users sharing their investment strategies; and anyone can follow the approaches of those who have been most successful. The simplicity of the platform makes it easy for users to buy, hold and sell assets, track their portfolio in real time, and conduct trades whenever they want. www.etoro.com
eToro is regulated in Europe by the Cyprus Securities and Exchange Commission, by the Financial Conduct Authority in the UK and by the Australian Securities and Investments Commission in Australia.
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