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Stock-trading startup eToro says it has added five million customers and hit a new revenue record in 2020.
The company reportedly became a unicorn this year as amateur investors piled into the market, and its bullish CEO is gunning for an eventual $10 billion valuation.
eToro aims to disrupt rival Robinhood in the US, having launched there in 2019 and hired 250 additional staff through 2020. A lot of people are trading stocks for the first time which was driven by the unfortunate circumstances of Covid-19 pandemic, eToro CEO Yoni Assia told Business Insider in an interview.