Daily Market Updates: eToro to acquire TradeZero for up to $231 million

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eToro to acquire TradeZero for up to $231 million

The Block says eToro reported its net contribution rose 9% year over year to $229 million, with stronger equities trading contributing to Q2 growth.

Reported · Written up by our desk · Regulation

eToro has agreed to acquire broker TradeZero for total consideration of up to $231 million, as equities activity supported its second-quarter growth, according to The Block.

The outlet reported that eToro said its net contribution increased 9% year over year to $229 million, driven mainly by stronger equities trading.

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The BlockeToro agrees to buy TradeZero for up to $231 million as equities drive Q2 growth

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eToro to acquire TradeZero for up to $231 million

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