XTB continues to see huge numbers of new clients but with a decreasing ARPU. The firm is going big on investment products to market itself.

The new smart portfolio will mean eToro investors can access a broad set of growth themes via investments in seven of ARK’s actively managed ETFs.

eToro has been trying to expand into offering more investment products, as opposed to its traditional focus on leveraged trading instruments.

eToro has built a new office in the country’s capital Tbilisi. The broker entered the country with the help of tech outsourcing firm Webiz.

eToro has already partnered with numerous football teams. This will be very similar, with plenty of branding opportunities for the broker and access to VIP tickets for clients.

eToro US CEO Lule Demmissie has stepped down from her role at the broker. She will be replaced by Andrew McCormick, who has been with the firm for almost 3 years.