As equities and cryptocurrency boom, eToro is seizing the moment with both hands. The online trading platform has filed confidentially for a US initial public offering and is seeking a valuation of more than $5bn.
It is easy to see why, given the frenzy around rivals Robinhood Markets and Coinbase. Both stocks have been on a tear as bitcoin prices surged past $100,000 after the election of Donald Trump and a crypto-friendly Republican Congress in November. Coinbase has more than doubled in value over the past 12 months while Robinhood is up almost 340 per cent.