Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
eBay snaps up Depop in €1bn bid for Gen Z wallets
eBay snaps up Depop in €1bn bid for Gen Z wallets
eBay snaps up Depop in €1bn bid for Gen Z wallets · Euronews
Una Hajdari
Thu, February 19, 2026 at 9:43 PM GMT+9 1 min read
In this article:
EBAY
+2.79%
ETSY
-0.70%
The popular US online reseller has agreed to buy second-hand fashion marketplace Depop from Etsy for about $1.2 billion (€1.0bn) in cash, the companies said in statements on Wednesday.
The deal comes as used clothing grows in popularity, with shoppers looking for unique items that cost less than new ones and help keep unwanted clothes out of landfills.
In a statement, eBay chief executive Jamie Iannone said the acquisition would help the company reach a younger demographic.
“We are confident that as part of eBay, Depop will be even more well-positioned for long-term growth, benefiting from our scale, complementary offerings and operational capabilities,” Iannone said.
Related
As of 31 December 2025, Depop’s marketplace had 7 million active buyers, nearly 90% of whom are under the age of 34, and more than 3 million active sellers, the joint release said.
The deal comes five years after Etsy bought Depop for $1.6 billion (€1.3bn). The app was founded in 2011.
eBay, based in San Jose, California, said it intends to pay in cash.
Etsy, based in Brooklyn, New York, said it plans to use the proceeds for general corporate purposes, continued share repurchases and investment in its core marketplace.
The transaction, which has been unanimously approved by the boards of both eBay and Etsy, is expected to close in the second quarter, the companies said.
Depop is expected to retain its name, brand, platform and culture, according to the release.
eBay shares rose more than 7%, while Etsy shares jumped close to 15% in after-hours trading after the announcement.
Terms and Privacy Policy
Privacy Dashboard
More Info