Brian Vieten's questions to eToro Group Ltd (ETOR) leadership • Q2 2025
Question
Brian Vieten of Needham & Company inquired about the growth trajectory for new funded accounts in the APAC region following the new Singapore license, and asked about the geographic composition of the 40 million registered users versus funded accounts.
Answer
CEO Yoni Assia explained that mature markets like Europe, the UK, and Australia show higher conversion rates from registered to funded accounts. He identified Asia (via Singapore) and the U.S. as significant growth opportunities that are expected to increase as a percentage of the business over time, complementing the current 65% concentration in the UK and Europe.