The investment round was led by China Minsheng Financial, with
SBI Group, Korea Investment Partners and others participating.
The money was raised at a company valuation of $800 million.
The company said it will use the funds to expand into new
markets as well as continue its blockchain research and the
development of digital assets.
It completed its capital raising with the support of the London
Stock Exchange Groupís private placement platform.
The company said growth has been driven, in part, by demand for
investments in the cryptocurrency market.
Founded in 2007, eToro has over 9 million users who can manually
invest in over 1,500 instruments while those who lack time or
experience can automatically copy the trades of other traders on
(Reporting by Tova Cohen; Editing by Steven Scheer)
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