eToro is pursuing multiple acquisitions while plotting entry into traditional banking services, potentially including banking license applications. CEO Yoni Assia told the Financial Times that the Nasdaq-listed trading firm is working with investment bankers on two deals targeting wealth-technology businesses, one in the US and another internationally.

The acquisition push follows eToro's $70mn purchase of crypto company Zengo in April, expanding their digital asset footprint. Assia described the company as "very acquisitive" since going public, aiming to grow their wealth offering and global presence. This strategy responds to mounting pressure on trading platforms to diversify revenue streams amid volatile cryptocurrency markets.

Since listing in May 2025, eToro shares have dropped nearly 40 percent. The firm reported $216mn in net income last year, up 12 percent year-over-year. These figures highlight why diversification into payments and traditional banking services matters for sustaining investor confidence and reducing dependence on asset trading volatility.

Other fintech players including Revolut and Nubank have recently applied for US banking charters amid regulatory easing under the Trump administration. With 14 de novo charter applications filed last year, eToro's potential move into licensed banking reflects a broader industry shift toward regulated financial services that offer more stable revenue models.