eToro to Acquire TradeZero for Up to $231M to Expand U.S. Market Presence

eToro agrees to buy U.S. broker TradeZero for up to $231M in cash and shares, aiming to accelerate product rollout and expand footprint amid crypto restrictions.

Woofun AI reports that multi-asset trading platform eToro has agreed to acquire U.S.-based brokerage TradeZero for up to $231 million, payable via cash and up to 2.5 million newly issued Class A common shares. TradeZero provides commission-free trading of U.S. stocks and options across the United States, Canada, and international markets.

The transaction is designed to accelerate the introduction of new products in the U.S. market, as stated by eToro's CEO. TradeZero reported approximately $80 million in revenue over the past 12 months with an 81% gross margin. Due to regulatory restrictions on crypto activities in the U.S., eToro is expanding its presence through acquisitions and stock tokenization.