‘ALWAYS-ON': eToro launches 24/7 gold trading

Market Overview - Gold prices have dropped below $5,000, reaching a three-week low at $4,893, despite being up 3% month-to-date, primarily due to a stronger US dollar and weaker Asian demand as the Lunar New Year holiday approaches [1] - Earlier in February, gold experienced a significant increase of $281 per ounce, marking its largest dollar gain on record, closing at $4,903 [1][2] E Toro's Trading Platform - E Toro has launched 24/7 trading for gold, allowing investors to trade the precious metal at any time, which aligns with the company's strategy to tokenize all assets [3] - The platform previously introduced 24/5 trading for popular US equities, enabling users to trade outside regular market hours [4] Company Performance and Strategy - E Toro reported a strong Q4 performance with a 21% increase in stock value and positive earnings, indicating robust trading activity in gold and silver [5][20] - The company is witnessing a shift where crypto traders are increasingly engaging in commodities trading, suggesting a diversification of trading interests among users [6][7] Future Outlook - E Toro aims to evolve into a "super app" catering to the financial needs of a younger audience, with nearly 4 million brokerage accounts and 45 million registered users [12] - The company is focusing on the generational transfer of wealth, projected at $120 trillion, and the ongoing tokenization of assets, positioning itself at the forefront of these trends [16][17] Technological Innovations - E Toro is leveraging AI technology to enhance trading experiences, including the introduction of Tori Tri, an AI analyst that assists users in understanding market dynamics [18] - The platform is also fostering innovation by enabling pro investors to develop applications, with over 1,000 apps in the pipeline [19]