CoinDesk Podcast Network eToro Goes Public at $52 a Share | COINDESK DAILY
May 14, 2025
Exciting changes in the crypto landscape are afoot! eToro makes its public debut on the Nasdaq at $52 a share, signaling a strong entry. Cantor Equity Partners announces a significant $459 million Bitcoin acquisition, stirring interest. Meanwhile, Robinhood is shaking things up by acquiring Canadian crypto firm WonderFi for $179 million. The competitive edge within crypto exchanges is heating up as these major players make bold moves!
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eToro's Market-Reviving IPO
- eToro went public on NASDAQ at $52 a share, raising $310 million and valuing the company at $4.2 billion.
- This marks the first crypto firm IPO after a market pause caused by U.S. tariff concerns and global trade uncertainty.
Massive Bitcoin Treasury Emerges
- Cantor Equity Partners bought 4,800+ BTC at around $95,320 each for $459 million via Tether.
- Their merger with 21 Capital creates one of the largest public Bitcoin treasuries with over 42,000 BTC.
Robinhood Enters Canadian Market
- Robinhood is acquiring Canadian crypto firm WonderFi for $179 million in cash, paying a 41% premium per share.
- This acquisition will enable Robinhood to enter the Canadian crypto market, competing with Coinbase and WellSimple Crypto.