Latest news with #socialtrading
Associated Press
04-07-2025
- Business
- Associated Press
Demo Copy now available on desktop — Start copying Lead Traders in a simulated trading environment
KINGSTOWN, St. Vincent and the Grenadines, July 03, 2025 (GLOBE NEWSWIRE) -- WOO X, a leading global crypto trading platform, is thrilled to announce that Demo Copy, a cornerstone feature of our social trading product, is now live on desktop, expanding access beyond its initial launch on mobile. This exciting update makes it easier than ever for traders to experience zero-cost crypto paper trading on their preferred devices. Demo Copy is a zero-cost crypto paper trading tool designed to help users simulate copying trades from top lead traders using virtual funds in a fully simulated trading environment. Many traders hesitate to start copy trading due to fear of loss and uncertainty about strategy performance. By replicating real trading with virtual funds, Demo Copy allows users to learn, practice, and build confidence before committing real capital. Since its debut on the WOO X mobile app, Demo Copy has empowered countless users to explore copy trading safely and effectively. Now, with the desktop version available, even more traders can take advantage of this innovative tool. Key Features Follow Lead Traders' moves in real time: Track and replicate the trades of seasoned lead traders as they happen, gaining insight into their strategies without risking your own capital. Interactive dashboard with performance metrics: Monitor key indicators such as Return on Investment (ROI) and Profit and Loss (PnL) on an intuitive dashboard, helping you evaluate the effectiveness of different trading strategies. Compare Lead Traders: Explore and analyze multiple lead traders' performance and trading styles to select the ones that align with your risk tolerance and goals. CounterTrading feature: Take advantage of WOO X's innovative CounterTrading tool, which allows you to strategically hedge by taking opposite positions against lead traders when market conditions call for it. Learn, practice, and optimize: Demo Copy is designed to help users build confidence and sharpen their trading skills by practicing in a simulated environment before committing real funds. This hands-on experience helps avoid common pitfalls and better prepares traders for live copy trading. How to start copying Lead Traders on WOO X Ben Yorke, Vice President of Ecosystem at WOO X, said: 'We're excited to bring Demo Copy to desktop, making it even easier for traders to experience the power of social trading without risking real capital. Demo Copy is designed to break down barriers for new and experienced traders alike by providing a zero-cost, fully simulated environment where users can learn, practice, and build confidence by following top lead traders in real time. At WOO X, we believe that by democratizing access to advanced trading tools and education, we can foster a smarter, safer, and more inclusive crypto trading ecosystem. This launch is a significant step toward that mission, enabling more people to take their first confident steps into the world of copy trading.' Closing remarks Demo Copy lowers entry barriers and encourages wider crypto adoption by providing a safe simulated environment where users can practice and test trading strategies. This accessible approach helps traders build confidence and skills before moving to live trading, making crypto markets more inclusive and approachable. At WOO X, our mission is to make crypto trading smarter, safer, and more accessible for everyone. To welcome new users, don't miss our Welcome Bonus offer when you complete KYC verification: Ready to start? Download the WOO X App or log in now to try Demo Copy today and take your first step into Social Trading: Contact: [email protected] About WOO X WOO X is a global centralized crypto futures and spot trading platform offering the best-in-class liquidity and price execution. WOO X has achieved a daily volume exceeding $1.6 billion and is home to hundreds of thousands of traders worldwide. WOO X traders benefit from radical transparency through our industry-first live Proof of Reserves & liabilities dashboard and the company's mission to maintain the trust of its growing community of traders. Disclaimers The information provided in this article is for general informational purposes only and does not constitute financial, investment, legal advice or professional advice of any kind. While we have made every effort to ensure that the information contained herein is accurate and up-to-date, we make no guarantees as to its completeness or accuracy. The content is based on information available at the time of writing and may be subject to change. Cryptocurrencies involve significant risk and may not be suitable for all investors. The value of digital currencies can be extremely volatile, and you should carefully consider your investment objectives, level of experience, and risk appetite before participating in any staking or investment activities.A photo accompanying this announcement is available at
Yahoo
19-06-2025
- Business
- Yahoo
eToro (ETOR) Posts Strong Public Debut with Social-First Spin on Crypto Trading
eToro (ETOR) is a primarily crypto-focused trading platform that debuted as a publicly traded company in May of this year, at approximately $70 per share, and has reached a peak of $75 per share earlier this month. The stock price has cooled since then, but the value proposition behind this hot new retail broker hasn't. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter This new entrant to the capital markets offers a distinct model compared to its competitors, aiming to provide a 'social-first' trading platform where traders not only execute trades but also share their strategies and portfolios. This creates a persuasive value proposition and a clear competitive differentiator for eToro. While most IPOs are priced for perfection—and that's often when the trouble starts—eToro's stock doesn't look like a bargain, but it also doesn't seem to be trading at stretched forward multiples. On the contrary, this gives me some reason for cautious optimism about its investment case. Of course, eToro is still within its lock-up period, so investors can expect significant volatility in the short term. For that reason, I'm taking a speculative Buy stance on ETOR. By mid-2025, crypto and online trading are far from niche, and the space is populated with major publicly traded players, including Coinbase (COIN) and Robinhood (HOOD). So, with eToro now entering the public markets, the question is what sets it apart from the rest. The most straightforward answer is the platform's unique social investing element. Like other trading platforms, eToro provides access to cryptocurrencies, ETFs, and other assets through a sleek and user-friendly interface. What really stands out is that users can follow other investors' portfolios, view their performance, and even automatically copy their trades (a feature known as 'copy trading'). This creates a much more collaborative investing experience, allowing users to build diversified portfolios in one place, which is something that competitors like Robinhood are only starting to catch up with. Thanks to this social-first model, eToro has already established a global footprint with 3.6 million funded accounts, primarily in Europe and the United Kingdom, which gives it a competitive edge that is still difficult to replicate at scale. Of course, with its strong focus on crypto trading, most of eToro's revenue still comes from crypto-related activity. In the most recently reported quarter (1Q25), approximately 93% of total revenue came from cryptoassets, a slight decrease from 97% in 1Q24. That's why it seems fairly apparent that eToro's stock should move largely in sync with Bitcoin (BTC) and broader crypto market swings. In other words, it's going to be a volatile ride. The good news is that, for more risk-averse investors, despite only small steps toward diversifying revenue sources, eToro has been progressing relatively well, especially since top-line growth hasn't suffered a significant decline. In 1Q25, revenue increased from $3.4 billion to $3.8 billion, a 11% year-over-year rise, driven in part by other segments, including equities, commodities, and currencies, which grew 32% during the same period. However, the most encouraging sign is that eToro increased its number of funded accounts by 14% year-over-year. While its 3.6 million funded accounts are still only about one-seventh the size of Robinhood's, eToro is growing at twice the pace, and this is a clear sign that the social-first model platform is gaining momentum in markets where it still has plenty of room to grow. The caveat, though, is that in the latest quarter, eToro reported negative gross margins from its crypto business, down from 3.6% in 1Q24 to -0.8%, mainly due to an 11% increase in costs. Management attributed this to ramped-up marketing spend during a strong window of opportunity in the crypto market. While this kind of margin pressure isn't unusual for growth-stage companies, it's still too early to tell when (and especially if) eToro can eventually hit similar margin levels as Robinhood and Coinbase, both of which are now posting gross margins north of 85%. Valuing recent IPOs is always tricky given their short public track record, but there are already a few takeaways from where eToro trades today. With 75.7 million shares outstanding and a stock price of $61.50, eToro's market capitalization is approximately $4.65 billion. That puts the stock at about 5.2x book value—not much lower than Coinbase's ~6x multiple, and well below Robinhood's ~8x multiple. If eToro's book value may seem a bit stretched, on the earnings front, eToro trades at 24.6x estimated 2025 earnings. When you factor in expected EPS growth of around 14.4% CAGR over the next 3–5 years, that gives it a PEG ratio of roughly 1.7x—less than half of Robinhood's 4.4x PEG and also way lower than Coinbase's 2.7x multiple. Of course, it's still early, but the trend suggests that both Robinhood and Coinbase, which are further along in their business lifecycles, are likely to grow revenues at a slower pace. So while their valuation premiums might be justified to some degree, I would argue that eToro's current multiples don't look expensive—in fact, they seem a bit conservative. Wall Street sentiment on ETOR skews slightly bullish, though some caution remains around the investment thesis. Of the 15 analysts covering the stock, eight rate it a Buy, while seven recommend holding. ETOR's average price target is $74.78, implying a potential upside of approximately 21.5% from current levels. Evaluating newly public companies can be challenging, as IPOs often come with heightened volatility while the market establishes a fair valuation and the company begins reporting financial results as a public entity. In eToro's case, its performance remains closely tied to the crypto market, with the majority of its revenue derived from cryptoassets. Nevertheless, the platform has continued to grow its number of funded accounts—outpacing many peers—and appears well-positioned to maintain that momentum. Given its early stage of profitability and relatively conservative growth assumptions, the stock does not appear overvalued. In fact, there may be meaningful long-term upside. That said, due to its reliance on crypto market dynamics and the inherent risks of emerging growth stories, I would currently categorize eToro as a speculative buy. Disclaimer & DisclosureReport an Issue Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
