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The company is now valued at $800 million, which plans to use its money to finance an eastward expansion

eToro, the global social trading and investment platform, announced today that it managed to raised $100 million in a venture round.

“We were working on this move for the last few months. Many investors are interested in our growth, mostly thanks to our aggressive penetration to the stocks and crypto markets.” said eToro’s CEO and co-founder Yoni Assia in an exclusive comment to Finance Magnates. “We believe in our ambitious vision and happy to see such strategic investors who see the future in the same way,” he added.

The funds raised will be used for various blockchain ventures, further development of the company social trading platform as well as an expansion to new markets. According to Assia, one of the aforementioned blockchain projects is their own decentralized crypto exchange, that he revealed In a recent interview given to Finance Magnates.

The total amount of funds raised by the social trading provider in eight funding rounds is $162 million. According to a publication on the Israeli business daily Globes, the company, that saw tremendous growth recently after adding cryptocurrencies to its trading platform, is now valued at $800 million.

The funding round was led by China Minsheng Financial and was participated in by SBI Group, Korea Investment Partners, World Wide Invest and other investors. Rothschild also assisted the move and acted as the exclusive financial adviser.

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