During his visit to the Consensus 2018 conference in New York during May, Gibraltar’s Minister for Commerce, Albert Isola, held a meeting with Yoni Assia, Founder and CEO of eToro. Mr Assia was also speaking at Consensus and was able to update the Minister on how the company’s plans for establishing itself in Gibraltar were progressing. Also in attendance at the meeting were Iqbal Gandham, MD for eToro’s UK office, Paul Astengo, Co-Chair of the DLT Working Group leading on technology issues for Gibraltar Finance, and Anthony Provasoli and Vikram Nagrani of Hassans Law Firm.
eToro has been a leader in the global Fintech revolution since it’s start in 2007. With more than 10 million registered users and an array of innovative trading and investing instruments it is possibly the world’s leading social trading network: eToro is commonly billed as “the world’s largest social investment network” and has over 500 employees worldwide. In 2011 the company won the Finnovate Europe Best of Show award for developing the world’s first social trading platform and moved on to introduce mobile apps for trading, introduced trading of stocks alongside currencies, commodities and other assets, portfolio management and, last year, adding trading of cryptocurrencies to its services.
The eToro management team, including Elad Lavi, Head of Corporate Development, and Avi Sela, COO, were in Gibraltar in May for meetings with the Gibraltar Financial Services Commission and also took the opportunity to meet with Chief Minister, Fabian Picardo, and with Minister Isola. eToro’s team were able to share their exciting plans to expand their business into Gibraltar, a decision taken as a result of the DLT Regulatory Framework that came into force in January 2018. The company’s plans are at an advanced stage and the visit to Gibraltar provided a great opportunity for the jurisdiction to extend a warm welcome to representatives of this global firm.
