Trading platform eToro is set to approve the acquisition of corporate public special targets FinTech Acquisition Corp V (NASDAQ: FTCV) as a component of a $10. 4 billion deal.
Yoni Assia, founder and CEO of eToro, the trading and cryptocurrency platform at the Benzinga Crypto Festival on Wednesday.
About eToro: Lately eToro has more than 22 million registered users in more than a hundred countries on its platform, Assia said. Anyone can track the functionality and collaborate with other members of the eToro network.
The company has patented a generation for its users to copy the investment methods of the network’s most successful investors, Assia told Benzinga’s Jason Raznick.
Markets at record levels, record retail share, and the growing popularity of cryptocurrency have created “the best storm” for eToro.
Investing in Bitcoin: When Assia first discovered cryptocurrency, he was very excited about the technology. EToro started buying Bitcoin (CRYPTO: BTC) at around $5 according to the currency, Assia said, adding that eToro bought between 3,000 and 4,000 Bitcoin at the time. .
The company ended up buying around $50,000 of Bitcoin at an average value of around $10 to $20 consistent with Bitcoin. At the height of this year, that investment in bitcoins is worth $30 million to $40 million, Assia said.
“If you are informed about the markets and perceive the dangers and are willing to take them on, you can generate returns over time in the markets,” according to Assia.
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The Good Dollar: eToro has created a cryptocurrency for monetary education purposes called the dollar.
People can lay down on the website, create a loose online wallet, and claim cryptocurrencies every day by logging in, Assia explained. People need to be informed about cryptocurrencies through the project.
The good dollar is on the Ethereum (CRYPTO: ETH) network, Assia noted.
“I think there is a very attractive trend among Ethereum competitors. I think what is at stake is attractive to Cardano and there is no doubt that the wise contracts that will be introduced in Cardano in the next two weeks can change the rules of the game,” Assia said. Said.
PSPC Notes: The merger is expected to close in the third quarter. Pending shareholder approval, eToro will be indexed on Nasdaq and traded under a new ticker symbol.
FTCV Price Action: FinTech Acquisition Corp V traded up to $15. 70 and as low as $10. 02 over a 52-week period.
Photo: Pixabay’s rubns28.