eToro will go public soon: A report

eToro, a popular social trading platform for cryptocurrencies, will sign a merger with an American blank check firm. The firm in question is Fintech Acquisition Corp V, a special purpose acquisition company or SPAC. The merger amount: $10 billion.

This merger could make the company be counted among the major fintech groups. The purpose of this merger is to go public in the United States. eToro is one of the latest names added to the companies who are planning to sign mergers with others, other notable names include Bakkt. 

eToro is a brand name with branches established across nations like Europe, Australia, Gibraltar, and the UK among others. This brand also received a deal (broker-dealer license) from the US Financial Industry Regulatory Authority way back in 2021. This platform mainly deals with Bitcoins, Ethereum, and Litecoins, and has expanded its services significantly. Also, it stayed in trend with the latest news, for example, it delisted Ripple (XRP) from its platform when Ripple was facing a lawsuit from the US SEC.