In Q2, crypto trading wasn’t just a part of eToro’s business—it was the business. A staggering 91% of its $2.09 billion revenue came from trading crypto assets—about $1.91 billion, to be precise.
That’s slightly down from 93% in the previous quarter, signaling a hint of growth in traditional finance offerings. Still, it’s evident: digital currencies are fueling eToro’s financial engine.
Digging into the numbers:
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Crypto revenue yielded $1.91 billion, despite incurring an $8.4 million net loss from derivatives trading.
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Once factoring in the $1.88 billion cost tied to crypto activities, digital assets remained by far the primary revenue driver.
What’s next? eToro is doubling down on crypto, with ambitious plans to tokenize U.S. stocks on the Ethereum blockchain—a bold move that could redefine how stocks are traded online.
Source: decrypto.news