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.
