eToro to Acquire TradeZero for $231 Million to Expand US Presence

eToro Group Ltd. entered an agreement to acquire TradeZero, a US-focused online brokerage, for up to $231 million in cash and Class A common shares. The deal, expected to close in the first half of 2027, allows eToro to leverage TradeZero's broker-dealer infrastructure and active trading community to accelerate its growth in the US and Canada.

TradeZero reported approximately $80 million in revenue for the twelve months ending June 30, 2026. eToro plans to use this infrastructure to introduce futures and leveraged stock trading to its US customers. This move aligns with a broader strategy to build a financial superapp, which includes integrating AI agents powered by Grok and expanding into prediction markets following a previous acquisition of the non-custodial wallet ZenGo.

Chief Executive Officers from both firms characterized the merger as a strategic step forward for their respective user bases and business operations.