EToro reiterates commitment to crypto despite falling activity in Q1
CoinDesk
EToro remains committed to cryptocurrency despite Q1 declines, planning expansion through its new New York BitLicense and the acquisition of Zengo.Summary
Despite a significant drop in crypto-related revenue and trading activity during the first quarter, eToro maintains a bullish outlook on the digital asset market. CEO Yoni Assia anticipates a return to all-time highs for crypto later this year, noting that platform data shows retail investors are continuing to buy the dip. To bolster its long-term strategy, eToro has officially activated its New York BitLicense and completed the $70 million acquisition of self-custodial wallet provider Zengo.
(Source：CoinDesk)