TradeZero is a highly complementary business that strengthens etoro's presence in the US. Founded in 2015, TradeZero brings next generation trading platforms, global broker-dealer infrastructure, a highly engaged community of traders, plus access to the Canadian market. Together, these capabilities create opportunities to accelerate product innovation, enhance the client experience, and broaden the products and services offered across both platforms. TradeZero has operations across the US, Canada and international markets.

"Today's announcement is an important step in building our US business," said Yoni Assia, Co-Founder and Chief Executive Officer of etoro. "TradeZero has built a successful franchise, with differentiated technology, broker-dealer infrastructure and a highly engaged trading community. This combination gives us a faster path to launching new products for US customers and strengthens our offering. Together, we'll innovate faster as we continue building the global financial superapp for the next generation of users."

"TradeZero was built by active traders, for active traders, and everything we've done since 2015 has been in service of that community," said Daniel Pipitone, Co-Founder and Chief Executive Officer of TradeZero. "Joining etoro is an exciting next step for our team and our traders. Their global platform and millions of users give us the scale to accelerate innovation, while our broker-dealer infrastructure and proprietary trading tools strengthen an even broader investing platform."

Under the terms of the agreement, etoro expects the aggregate purchase consideration to be up to $231 million, consisting of cash and up to 2.5 million newly issued Class A common shares of the Company, subject to certain customary purchase price adjustments.

TradeZero generated approximately $80 million in revenue with 81% gross margins in the last twelve months1. The transaction is expected to be accretive to adjusted EPS in the first year upon completion, making it a complementary addition to etoro's financial profile while strengthening the Company’s long-term growth prospects.

The acquisition is subject to customary closing conditions, including obtaining requisite regulatory approvals, and is currently expected to close during the first half of 2027.

Jefferies served as exclusive financial adviser to etoro and Simpson Thacher & Bartlett LLP is serving as lead deal counsel for etoro. J.P. Morgan Securities LLC served as exclusive financial adviser to TradeZero and Choate, Hall & Stewart LLP is serving as lead deal counsel for TradeZero.