Today news
About the same in other media
EToro's Spac deal falls through
Reading now: 855
finextra.comAt the time, eToro was one of a wave of fintech firms looking to public via Spacs but the technique has seen its popularity take a dive thanks, in part, to regulatory changes.Betsy Cohen, chairman of FinTech V says the "transaction has been rendered impracticable due to circumstances outside of either party’s control".Founded in 2007 as a "social investment network" with the aim of opening up capital markets to the masses, eToro lets users trade a host of assets, from fractional equities to crypto.
Despite the onset of a crypto winter, eToro CEO Yoni Assia says that the company's underlying business remains healthy and "our balance sheet is strong".
. Read more on finextra.comAbout this in other media
Wells Fargo profit falls as the bank sets aside funds for bad loans, company's shares drop 3% cnbc.com /2 years ago
Cardano falls beneath month-long range, can another 10% tumble follow ambcrypto.com /2 years ago
Funding for Crypto Startups Falls to One-Year Low blockchain.news /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
