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eToro agrees to buy TradeZero for up to $231 million, targeting U.S. expansion
eToro said it has agreed to acquire TradeZero for up to $231 million to add an active-trader brokerage business and broker-dealer infrastructure as it expands in the U.S. The consideration will include cash and up to 2.5 million newly issued eToro Class A common shares, subject to customary adjustments. The deal is subject to regulatory approvals and is expected to close in the first half of 2027. TradeZero generated approximately $80 million in revenue in the twelve months ended June 30, with gross margins of 81%.
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