Growing Options Trading – eToro Acquires Gatsby for $50M

eToro, a multi-asset trading platform with over 10 million users, is acquiring Gatsby, a US-based fintech. The move will allow eToro to offer options trading to its US users for the first time.

The acquisition is eToro’s first in the US and is part of the company’s plans to expand its presence in the world’s largest economy. Gatsby will continue to operate as a separate brand and will retain its team of 20 employees.

“The acquisition of Gatsby will allow us to offer our popular options trading service to US investors for the first time,” said eToro CEO Yoni Assia. “This is a major step in our plans to build the world’s leading multi-asset trading platform.”

“In the current market environment, we believe that it is in the best interests of eToro to terminate the merger agreement and continue, for now, to operate as a private company,” Yoni further explains.

Gatsby was founded in 2018 and is headquartered in New York. The company offers a mobile-first options trading platform that is designed to be simple and intuitive to use.

Gatsby seems nothing short of  thrilled to be joining eToro and bringing our options trading service to the US market. If anything, this is a huge opportunity for them to scale their business and reach more investors.

“We’ve always been huge fans of the social aspects of eToro. They’ve really been the pioneers of social investing, and we’ve always thought of them as the cool older sibling we’d love to hang out with. In terms of product and culture, it’s a great fit and we’re really excited about the next chapter in our shared future,” Belanger-Saleh, the Co-CEO of Gatsby, said in the company’s official statement.

Options trading is a form of derivative trading that allows investors to speculate on the direction of an underlying asset’s price. It is a popular trading strategy among experienced investors who are looking to hedge their portfolios or generate additional income.

eToro’s acquisition of Gatsby will allow the company to offer options trading to its US users for the first time. This is a major step in eToro’s plans to build the world’s leading multi-asset trading platform. Gatsby will continue to operate as a separate brand and retain its team of 20 employees.

Options trading is a popular strategy among experienced investors who are looking to hedge their portfolios or generate additional income. eToro’s acquisition of Gatsby will allow the company to offer options trading to its US users for the first time. This is a major step in eToro’s plans to build the world’s leading multi-asset trading platform.