{"id":163606,"date":"2021-01-26T23:43:14","date_gmt":"2021-01-26T20:43:14","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/social-trading-platform-etoro-ended-2020-with-600m-in-revenue\/"},"modified":"2021-01-26T23:43:14","modified_gmt":"2021-01-26T20:43:14","slug":"social-trading-platform-etoro-ended-2020-with-600m-in-revenue","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/social-trading-platform-etoro-ended-2020-with-600m-in-revenue\/","title":{"rendered":"# Social trading platform eToro ended 2020 with $600M in revenue"},"content":{"rendered":"

“# Social<\/a> trading platform eToro ended 2020 with $600M in revenue <\/strong>”
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Exchange platform eToro is coming off a stellar year of growth, as novice traders seek new pathways into the financial markets, including cryptocurrency.\u00a0<\/p>\n

The online brokerage firm ended 2020 with gross revenue of $600 million, with total trading volume surging 40% to $1.5 trillion. <\/p>\n

Describing his firm as a technology<\/a> company and multi-regulated broker, CEO Yoni Assia\u00a0said<\/a>:<\/p>\n

\u201cThe last few years have seen a rapid growth in eToro\u2019s headcount reflecting both our global expansion and the growth of our product offering and client base.\u201d<\/p><\/blockquote>\n

eToro has operated a successful social trading platform for a number of years, allowing novice traders to access forex, commodity and equity markets. In 2019, the platform expanded into digital assets by launching<\/a> a crypto exchange and eight branded stablecoins. <\/p>\n

The introduction of digital asset services is partly responsible for eToro\u2019s rapid growth over the past year. Earlier this month, the exchange warned users that crypto trading may become limited because of \u201cunprecedented demand.\u201d <\/p>\n

The warning came on the heels of Bitcoin (BTC) smashing new all-time highs near $42,000 and the broader cryptocurrency market hitting a $1 trillion valuation for the first time. <\/p>\n

Assia said 2020 was a \u201cbig year for stocks,\u201d but that 2021 has so far been \u201cdominated by crypto headlines.\u201d He claims crypto trading volumes at his firm are up more than 25 times compared with the same period last year. <\/p>\n

eToroX, the company\u2019s digital asset platform, reportedly generated $670 million in volume on Tuesday, according<\/a> to CoinMarketCap. That puts it in the top 20 largest exchanges by volume. <\/p>\n

According to Finance Magnates, eToro’s secondary market valuation has surged<\/a> to over $2.5 billion, having more than trip<\/a>led since 2018.\u00a0<\/p>\n