Crypto Stories: eToro co-founder Yoni Assia’s life in finance led him to adopt crypto early

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

eToro co-founder and CEO Yoni Assia talked about discovering crypto and designing his trading platform for Cointelegraph’s Crypto Stories video series.

Yoni Assia, co-founder and CEO of eToro, entered the finance industry early. After receiving stock as a bar mitzvah gift, he became a successful trader while still in high school. Those profits largely disappeared as the dot-com bubble burst just as he was beginning his military service. That would turn out to be the first of a number of dramatic highs and lows Assia has seen in his career.

In 2007, trading platforms were “super complex. You always looked at multiple screens and lots of numbers,” Assia said. Manual processes were still part of opening a brokerage account, and it took several days. But eToro was founded on a different model, one where the user downloaded the software, funded the account with a credit card and started trading.The global economic crisis hit the following year, but the new company prospered in spite of it.

The portfolios of eToro’s 32 million registered users are visible on the platform, allowing customers to see what other traders hold and what their investment strategies are.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in BUSİNESS

Business Business Latest News, Business Business Headlines