eToro to acquire TradeZero for up to $231 million

eToro Group announced on August 11, 2026, that it has agreed to acquire U.S.-focused online brokerage TradeZero for up to $231 million in cash and stock, a move designed to accelerate its expansion in the American market. The deal was revealed alongside the company's second-quarter financial results, which showed a significant jump in net income but a continued decline in revenue from cryptocurrency trading.

The acquisition, expected to close in the first half of 2027 pending regulatory approvals, will see eToro pay cash and issue up to 2.5 million new Class A common shares. TradeZero, founded in 2015, generated approximately $80 million in revenue with an 81% gross margin for the twelve months ended June 30, 2026. The brokerage provides trading in stocks and options for active traders, with operations in the United States, Canada, and international markets.

"Today's announcement is an important step in building our U.S. business," said eToro CEO and co-founder Yoni Assia. "This combination gives us a faster path to launching new products for U.S. customers and strengthens our offering." The deal provides eToro with established broker-dealer infrastructure and a base of active...