The World's Leading Social Trading and Investing platform eToro has acquired e-money platform Marq Millions.

Confirming the acquisition, eToro Group CEO Yoni Assia said: “The launch of a debit card is a natural next step for eToro as we broaden the range of services that we provide to our users.

What does this mean?

 eToro revealed that it would begin to trail ‘instant cashout and cash-in’ functionalities provided by Marq Millions debit card solutions as an end-to-end feature rewarding its most prominent traders.

eToro management has previously stated that it will add new customer services and functionalities to strengthen its trading platform beyond transactional services.

Citing that in 2020 its platform has reached a total of 14 million registered traders worldwide, eToro anticipates a strong take-up of its debit card offering.