eToro Q1 crypto revenue drops to $2.15 billion from last year’s $3.5 billion
eToro's Q1 crypto revenue fell to $2.15 billion as crypto trading activity slowed globally.Summary
eToro reported a significant decline in crypto-related revenue for Q1 2026, dropping to $2.15 billion from $3.5 billion the previous year, driven by a 32% year-over-year decrease in total crypto trades. This trend aligns with a broader sector-wide slowdown seen by competitors like Robinhood and Coinbase.
Despite the crypto slump, eToro is expanding its infrastructure through the $70 million acquisition of wallet firm Zengo and the launch of crypto trading in New York. The company's multi-asset model showed resilience, with commodities trading volumes growing fourfold and adjusted EBITDA increasing by 35% to $109 million. Overall net income rose 37% to $82 million, supported by growth in funded accounts and assets under administration.
(Source：The Block)