CEO Explains Why Bitcoin Is Digital Gold

Financial Performance and Metrics - eToro generated a trailing 12-month (LTM) revenue of almost 1 billion (10亿) dollars with a bottom-line EBITDA exceeding 350 million (3.5亿) dollars [3] - eToro operates with 4.3 million (430万) funded accounts holding 20 billion (200亿) dollars in assets on the platform [4] - Top professional investors on eToro have achieved notable returns, including the top-ranked investor maintaining an average Internal Rate of Return (IRR) of roughly 30% over the past 12 years [5][12] Artificial Intelligence and Agentic Trading - eToro implemented AI capabilities by launching customized sub-accounts called agent portfolios, allowing users to allocate specific capital amounts (such as 1,000 dollars out of a 100,000-dollar account) to third-party AI agents like Grok or Claude [1] - The company rewrote its entire application and developed the active trader platform "Edge" using AI and reverse-engineered code representing 10,500 man-years of work [1] - eToro's quantitative team utilizes multiple AI agents running 24/7 to research quantitative finance, translate academic papers, and run back-testing on company data to identify market alpha [1] Tokenization and Market Infrastructure - eToro acquired the non-custodial wallet Zeno to capitalize on the convergence between Decentralized Finance (DeFi) and Traditional Finance (Refi) [2] - Market prices for various traditional assets like gold, silver, oil, and pre-IPO SpaceX shares are increasingly driven 24/7 by crypto-market perpetual futures [2] - Anticipated regulatory developments by the end of the year could enable self-clearing brokerages to tokenize US equities on-chain, potentially moving 100 trillion (100万亿) dollars of capital on-chain [2] Strategic Expansion and Platform Ecosystem - eToro expanded its US presence through the acquisition of Trade Zero to better cater to the active trader segment with offerings such as 4x leverage and short-selling capabilities [3][4] - The platform functions as a financial super app outside the US, integrating current accounts, Visa debit cards, long-term savings equivalents to 401(k) / IRA, and self-trading accounts across diverse global markets [5]