eToro buys TradeZero for up to $231M to grow US business

What's the deal? eToro Group (NASDAQ: ETOR) has agreed to acquire active-trader brokerage TradeZeroDealroom has a profile for this one. Try Dealroom → for up to $231 million. The consideration combines cash and up to 2.5 million newly issued eToro Class A common shares, subject to customary adjustments.

The terms: The deal needs regulatory approvals and is expected to close in the first half of 2027. eToro said the acquisition should be accretive to adjusted earnings per share in the first year after completion.

What TradeZero does: Founded in 2015, the brokerage runs desktop, web, and mobile platforms with tools built around US equities, options, and stock shorting, including a proprietary short locator. It generated roughly $80 million in revenue in the twelve months to June 30, with gross margins of 81%.

The expansion: The purchase deepens eToro's US foothold with active traders while extending its reach into Canada and other international markets. TradeZero's broker-dealer infrastructure could shorten the path to launching new US products.

What's the endgame? eToro is building a single platform spanning stocks, portfolios, and crypto, leaning on AI-powered tools and social investing features. TradeZero adds a more specialised active-trading audience and regulatory plumbing to that mix.

Co-founder and chief executive officer Yoni Assia called the agreement "an important step in building our US business," citing TradeZero's technology and trading community. TradeZero chief executive officer Daniel Pipitone said the tie-up gives his brokerage access to a global platform and millions of users.

The signal: The deal reflects how trading platforms are consolidating to bolt on specialised audiences and regulatory infrastructure rather than build from scratch — a faster route into the competitive US market.

Read more: Yahoo Finance

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