Spirit of demystifying options trading will remain intact after eToro acquires Gatsby

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eToroa multi-asset social investment network, announced its intention to acquire gatsbyan options trading platform.

What happened: In an effort to give ordinary investors easy and transparent ways to grow and maintain their wealth, eToro will acquire Gatsby.

Founded in 2018 by co-CEOs and co-founders Jeff Myers and Ryan Belanger-SalehGatsby is a commission-free trading app suitable for a new group of investors.

Together, the two will give users “access to a safe and easy way to trade options”, which have traditionally been “attractive in difficult markets”, said eToro CEO and co-founder Yoni Assia. .

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Why is this important: Gatsby was born out of a need to demystify and provide a better way to access the derivatives markets for next-generation investors.

After the acquisition, Gatsby and eToro intend to keep the spirit of the mission intact.

“We have always been big fans of the social aspects of eToro. They were truly the pioneers of social investing, and we’ve always considered them the cool older brother we’d love to hang out with! Belanger-Saleh said. “In terms of product and culture, it’s a great addition and we’re really excited about the next chapter in our future together.”

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