Retail Trading Trends and AI Agents (with Carol Massar, Tim Stenovec)

Yoni Assia reports retail investors are switching from crypto to commodities (metals, oil, gas) due to volatility. He notes retail is consistently grabbing beta from institutions during selloffs. eToro launched AI agent portfolios using Grok, seeing 50% weekly growth and 500,000 trades. He also discusses prediction markets and the acquisition of Zengo wallet.

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eToro 5.5
Fintech Company $5.00B
Yoni Assia 5.0

Retail Trading Trends and AI Agents (with Carol Massar, Tim Stenovec)

dxy

Assia does not discuss the dollar; his commentary on retail flows does not imply a clear FX direction.

metals

We are seeing people that switched from crypto into commodities... very exciting opportunities in metals and in oil and natural gas.

3 calls

-19

consistently off direction or weak follow-through

2/20/2026 2:32:12 PM	short term up	7 days later	+1.77%	+1.77%

ndx

Assia notes retail buys the dip during selloffs like today's CPI-driven Nasdaq decline, implying continued volatility as retail and institutions take opposing sides.

rut

Assia's observation that retail buys dips during selloffs suggests small caps could see sharp moves as retail and institutional flows diverge.

wti

We are seeing people that switched from crypto into commodities... very exciting opportunities in metals and in oil and natural gas.

2 calls

+34

reliable positive edge across multiple calls

5/12/2026 11:06:13 PM	short term up	5 days later	+7.56%	+7.56%

yields

Assia does not discuss yields directly; his focus on retail behavior and volatility does not provide clear direction for bonds.

Yoni Assia

We are seeing people that switched from crypto into commodities, switched from low volatility declining Q4 into Q1, crypto into very exciting opportunities in metals and in oil and natural gas. We've seen a surge in commodities activity happening at eToro.
Yoni Assia

The next stage of growth for eToro and the entire retail investment industry is AI agents that are 24/7 looking at the markets, which are transitioning to 24/7, and trading in users' accounts. We launched agent portfolios two or three weeks ago, seeing 50% week-over-week growth and over 500,000 trades done in agent portfolios.
Yoni Assia

We recently announced the acquisition of Zengo, a new non-custodial wallet for eToro supporting thousands of new crypto assets. It enables DeFi solutions and prediction markets will be part of the offerings. We are also in the process of registering our business as futures trading, which allows prediction markets.
Yoni Assia

12% year-over-year growth in funded accounts; marketing now AI-powered to target segments interested in market events.
Tim Stenovec

Asks about prediction markets and sports predictions.
Yoni Assia

eToro acquired Zengo wallet for DeFi and prediction markets; also registering for futures trading to offer prediction markets, initially focusing on financials rather than sports.

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