FX week in review: eToro (and Robinhood) shares fall, IG APAC management changes, Prediction Markets launches

What has contributed to a continued and steep drop in the share prices of online brokers Robinhood and eToro?

What senior management changes were seen at two key APAC region locations at IG Group, in both Singapore and Tokyo?

Which B2B (i.e. tech provider) and B2C (i.e. broker) companies announced expanded products and services around Prediction Markets – now one of the hottest growth areas in online trading?

Some of the most read and commented-on FX/CFD industry news stories to appear over the past seven days on FNG included:


Top FX and CFDs industry news stories this week

Robinhood shares continue 33%+ monthlong collapse mirroring crypto decline. With very little official new news hitting the wires so far in 2026, US based neobroker Robinhood Markets Inc (NASDAQ:HOOD) has seen its shares move sharply downward over the past month, including yesterday’s (Wednesday Feb 4) 7.4% decline.

Concern over eToro continues as shares drop below $30 to all-time low. Public market investors seem to be showing increasing concern over online broker eToro (NASDAQ:ETOR), sending shares of the company down by another 2.7% on Friday. eToro shares set an all-time low (since eToro’s May 2025 IPO) at $29.05 during Friday’s session, before closing the day at $29.40 – the first time that eToro shares have closed below the $30 level.

Leverate launching Prediction Markets product for brokers. Leading trading technologies provider Leverate has announced that it will unveil a groundbreaking new product, Prediction Markets. The new Prediction Markets product is designed to provide brokers with a powerful tool to engage a wider client base and create new revenue streams.

Crypto.com launches sports prediction markets brand OG led by CLO Nick Lundgren. Leading crypto trading platform Crypto.com has furthered its bet in the prediction markets space, announcing the launch of a new in-house sports prediction markets brand called OG (at website og.com). As part of the launch of OG, Nick Lundgren has been named CEO of OG. Nick also serves as Chief Legal Officer of Crypto.com.

Plus500 introduces its US prediction markets platform. Online trading company Plus500 Ltd (LON:PLUS) today announced its entry into the US retail prediction markets segment through the launch of event-based contracts on its US B2C trading platform. The launch of prediction markets on Plus500’s US B2C platform, ‘Plus500 Futures’, marks a pivotal moment for the Group as it expands into a rapidly developing segment within the global trading landscape.

Top FX industry executive moves this week

Luis dos Santos

Exclusive: Trade Nation hires Finalto exec Luis dos Santos as CEO Portugal.

❑ IG Group Japan CEO Tomoharu Furuichi steps down.

Exclusive: IG Group’s Head of Singapore Sebastian Jones departs.

Exclusive: ThinkMarkets Head of Partnerships Josh Fieldhouse departs.

❑ Admirals CIO/CTO Andrey Koks steps down.

Exclusive: Libertex hires FXGT exec Georgia Pissaridou as Product Manager.

❑ Trading Technologies names Reena Raichura its SVP and Chief Product Officer.

Exclusive: United Fintech Americas head Mark Lawrence departs.

Exclusive: Brokeree BizDev exec Malika Bakytova moves to FXBO as Sales Manager.

❑ MultiBank’s MEX Exchange hires Edgewater alum Brian Andreyko as CPO.

❑ Blueberry hires VT Markets exec Magdy Mohamed to head MENA marketing.

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