As we joined now by e Toro's CEO, Sayni For both Caroline and I, it's a little bit of a sort of full circle story because I'd say over the last decade or more, e Toro is a company we've probably most consistently talked about. Finally you've gone public. Actually, when share started trading it was well above fifty two bucks. How does that feel for you?
It's an amazing feeling, you know. The last two weeks on the road show, being inside capital markets here in the US, now listing on ASDEK a super exciting journey. Eighteen years in the making of building Etro, the world's largest social investment in network canal. Our customers can tread e Toro on ittorro.
Educate the audience that doesn't necessarily know about it. Toro, what is the proportion of stock activity on the platform versus say crypto? What is the mainstay of your business?
So we're doing both. Customers today on Eitorro can trade stocks from over twenty different capital markets as well as more than one hundred and thirty different crypto assets. We started the business in Europe and the UK. Our largest markets spend into Asia, UAE and now the US as well, and our customers when they trade, they share of their trading activity, and you can actually see the portfolios in the trek record of our customers, and you can automatically
copy the most successful investors on the platform. So it's not only about trading yourself, both crypto and stocks. It's about being able to see others that are successful and copy them automatically. And the ratio between stocks and crypto changes in market dynamics. Last year, twenty five percent of total net contribution was actually crypto trading activity. Years when crypto was in a will run like before, sometimes it's up to sixty two percent. It really changes with the markets.
We keep comparing you to Robin Hood and at the moment, I mean you have a social nature of course, if you are spelling out in the way that you can copy those and invest like them. But with Robin Head at a fifty two billion market cap and yourself at a five billion as it currently stands, how do you close that gap? How do you show that you're more closing terms of competitors?
I think eventually a lot of great companies are aiming at a very very big opportunity, which is the largest generational transformation of wealth in history. Eighty four trillion dollars here in the US are going to move from older generations to younger generations. In Europe not that far behind, sixty trillion dollars are going to move from older generations to younger generations. And I believe that our generation expects to trade, invest, and save in a digital native solution.
And we're providing more than just the ability to trade directly in the markets through the copy trading pattern of technology. We provide people to automatically copy top investors from all around the world, as well as more than one hundred different smart portfolios, where we actually have our own chief investment office with sixteen market analysts across the globe who help our customers basically find portfolios like Thematics driverless cars.
We're just launching our also market neutral strategies, learning from the hedge funds I met here in New York. So we're able to create more than just self directed trading, but actually the entire world of investments through smart portfolios and copy trader.
And that's as the business model MATURESI it's interesting that you sort of said you've got yourself to a more mature state than back in say twenty twenty one, when you were looking at going public, Viris back, just tell us how different it looks now. What happened then to make you push to go for an IPO this time?
I think you know. We call twenty twenty two the year of education. A lot of our customers learned that markets don't always go up. And we were focused initially in twenty two only one really growth at all costs strategy, very sort of VC minded, let's just spend money to grow. And I think what twenty twenty two taught us is to change our strategy to profitable growth. And we've significantly scale up profitability in ittro with more than three hundred
million dollars of adjusted to beta profit. So I think that's the significant transition that we've done, is a private market bring us to profitable growth, which is a strategy that I believe is more fit to public markets.
There was a lot of demand and now we see a lot of more IPO sideline waiting companies wanting to follow your tracks. Johnny Asia, it's great to have you back on the show. CEO v Toro, thank you