The world’s largest cryptocurrency derivatives trading platform eToro will prepare for an IPO in 2021
According to reports, the trading platform eToro may be listed in 2021. Sources told Cointelegraph that eToro has been working with the “elite” project of the London Stock Exchange to prepare for an initial public offering (IPO).
“EToro does not comment on market rumors,” an eToro representative told Cointelegraph.
However, eToro employees shared an IPO announcing article on LinkedIn, apparently supported by CEO Yoni Assia, this article comes from Israeli media Calcalist.
Calcalist’s article on Tuesday stated that “Etoro’s revenue doubled to $500 million in 2020, and it has gained 5 million new users. It plans to conduct an IPO in the second quarter of 2021.” Calcalist added: “The company is currently Discuss with investment bank Goldman Sachs to lead its IPO.”
Coinbase recently filed an application with the US Securities and Exchange Commission, hoping to conduct an IPO in 2021.
Some mainstream financial entities, such as MicroStrategy, have already started the trend of institutional investment in Bitcoin. The listing of Coinbase, as well as the implication of similar actions by eToro, may stimulate the further adoption of cryptocurrencies. Digital asset broker Voyager also went public in Canada earlier this year.
