eToro is actively pursuing acquisitions in the wealth-tech sector and exploring banking licenses as it seeks to diversify beyond its traditional brokerage operations. CEO Yoni Assia confirmed the Nasdaq-listed firm is in talks with two companies, one in the United States and another internationally, working alongside investment bankers to close potential deals. The broker is also considering entering traditional payments and may apply for banking charters, following a path similar to Revolut and Nubank.
The move comes as eToro positions itself as a comprehensive fintech platform rather than solely a broker. In Q1 2026, the company posted $82 million in net income on $258 million revenue, though crypto volumes have declined while commodities trading surged. Assia warned of industry-wide consolidation ahead, stating not all businesses will survive as independent public entities. The company has completed roughly six acquisitions to date, including crypto wallet provider Zengo earlier this year.
FXnCO Insight
Traders should monitor eToro’s acquisition announcements closely as consolidation accelerates across wealth-tech, potentially reshaping competitive dynamics and service offerings in retail trading platforms.
Source: Finance Magnates