The latest sign a crypto IPO boom might be coming
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Trading platform eToro filed for an IPO yesterday, amid expectations that more crypto-related businesses will list on exchanges in the coming months.
The company’s filing with the SEC comes after eToro in September paid $1.5 million to the regulator to settle charges that it was operating as an unregistered broker (in connection with its crypto trading platform). What a difference a few months makes.
It also comes as crypto exchange Kraken is reportedly looking to raise $1 billion in debt before a possible IPO, unnamed sources told Bloomberg News.
eToro reported 23 million crypto trades during the fourth quarter of 2024 —…
