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eToro Rockets to $5.4B Valuation After Nasdaq Debut—Crypto Traders Cheer (Wall Street Sighs)
eToro Rockets to $5.4B Valuation After Nasdaq Debut—Crypto Traders Cheer (Wall Street Sighs)
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Retail trading giant eToro just pulled off a Nasdaq landing worthy of a SpaceX mission—surging to a $5.4 billion market cap as its shares hit public markets. The crypto-and-stocks platform’s debut marks a watershed for hybrid trading platforms.
Why it matters: Mainstream finance still hates admitting crypto exists, but eToro’s success proves the genie’s out of the bottle. The platform now boasts 35M users—many drawn by its slick crypto offerings alongside traditional assets.
The kicker: Wall Street’s old guard will dismiss this as ‘dumb money’ momentum… right up until they launch their own copycat platforms next quarter.
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