On December 11, PANews reported that Yoni Assia, the CEO of the online brokerage firm eToro, which provides cryptocurrency and stock trading, stated to DL News on Tuesday that the cryptocurrency trading volume on the eToro platform surged by over 500% in November compared to the same period in 2023, reflecting the bullish sentiment of retail investors. Assia mentioned in an interview during Abu Dhabi Finance Week: 'Whenever there are historical highs, we see a significant increase in customer engagement.'
In September of this year, the company reached a settlement with the U.S. Securities and Exchange Commission (SEC) for $1.5 million. Assia stated that this settlement does not preclude the company from relisting assets in the U.S. again—particularly if the incoming Trump administration relaxes cryptocurrency enforcement, which is widely anticipated.
Previously, on December 6, it was reported that eToro has hired Goldman Sachs to assist the company in going public as early as the second quarter.
