TechFlow, July 29 — According to Investing, trading platform eToro Group (Nasdaq: ETOR) announced today that it will expand its trading hours to 24/5 service and plans to issue tokenized U.S. stocks on the Ethereum blockchain.
The company will initially offer after-hours trading for 100 popular U.S. stocks and exchange-traded funds (ETFs) outside of traditional market hours. Meanwhile, eToro has partnered with CME Group to launch spot quote futures products, currently being piloted in select European markets.
eToro also announced the completion of a $250 million three-year senior unsecured revolving credit facility. Several investment firms expressed positive outlooks, including Canaccord Genuity maintaining a Buy rating with a target price of $78, and Deutsche Bank initiating coverage with a Buy rating and a target price of $70.
