eToro's market value exceeded $5 billion on its first day of trading on Nasdaq, with a 29% increase in stock price

ChainCatcher news, according to Decrypt, on its first day of listing, the stock price of Israeli multi-asset trading platform eToro surged 29% to $67, with a company valuation of $5.4 billion.

Data shows that eToro's digital asset-related revenue for 2024 is expected to reach $12.4 billion, a significant increase from $3.4 billion in 2023. However, due to SEC regulations, it currently only offers trading services for three cryptocurrencies: Bitcoin, Ethereum, and Bitcoin Cash in the U.S. market.