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      "text": "ARPU and retention rates are based on historical client behavior. Growth in equities and crypto as portion of average portfolo similar to recent years' trend. US broker dealer - conservative market penetration assumed with gradual rollout of products. Revenues from new business lines are not embedded into the model.",
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      "text": "Account acquisition costs based on actual figures, and include all marketing expenses, both online and offline. Operating expenses ramp up to fully support projected growth. Gradual decrease in payment processing fees, not taking into account full impact of eToro Money.",
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