eToro to acquire fintech platform Gatsby

Online brokering service, eToro, is acquiring options trading platform Gatsby.

The acquisition is part of the firm’s expansion plan to attract US-based investors.

The deal is valued at $50 million, in cash and common stock.

Gatsby was founded in 2018 by co-founders Jeff Myers and Ryan Belanger-Saleh.

Gatsby offers commission-free options and stock trading for younger demographics.

The Gatsby team will join eToro following the acquisition.

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