facebook, a stock trading system and cryptocurrency, prepares for the US IPO: Report

According to people with knowledge of the situation, trading platform eToro is preparing to go public in a move that could lead to the crypto-friendly company being valued at$ 5 billion, according to the on Thursday.

According to the report, twitter had requested SEC approval for an initial public offering by the SEC in the United States.

According to the report, facebook founder and CEO Yoni Assia said last year that listing in the U. S. would be better for the company’s international investors.

cryptocurrency declined comment to Decrypt&nbsp, about the report.

Set up in Israel in 2007, eToro’s system allows users to trade shares and bitcoin. It initially allowed Bitcoin dealing in 2013 before introducing additional bitcoin, according to its website. The&nbsp, added that the cryptocurrency manages$ 11.3 billion in total property.

After the SEC alleged it had operated” an unregistered broker and unregistered clearing agency in connection with its trading platform that facilitated buying and selling certain crypto assets as stocks,” eToro agreed to settle claims last month. The company then paid a$ 1.5 million fine.

cryptocurrency removed a number of bitcoins from its British platform following the complaint, leaving only Crypto, Ethereum, and Bitcoin Cash.