Home›Crypto›Market Structure›eToro swung to crypto trading loss as crypto revenue f…

eToro swung to crypto trading loss as crypto revenue fell in Q2

eToro said crypto trades dropped 73% year over year in July and agreed to acquire U.S. brokerage TradeZero for up to $231 million, expected to close in the first half of 2027.

Reported · Written up by our desk · Market Structure

eToro reported a second-quarter crypto trading loss as cryptoasset revenue declined, with the trading platform losing $7.2 million in crypto trading compared with a $37.7 million profit a year earlier, according to CoinDesk.

The company’s cryptoasset revenue fell to $1.35 billion from $1.91 billion a year earlier, while its cost of revenue from cryptoassets was $1.35 billion, resulting in the small crypto trading loss.

CoinDesk also reported that despite the crypto weakness, eToro said it delivered stronger overall results, including adjusted diluted earnings per share of $0.68 versus analysts’ $0.61 estimate, even as eToro shares fell about 11% after the release.

CoinDesk added that eToro said it is developing onchain perpetual futures and that crypto activity cooled, with July crypto trades down 73% year over year and the average trade size halved to $182, and it agreed to buy U.S. brokerage TradeZero for up to $231 million in cash and stock, expected to close in the first half of 2027 pending regulatory approvals.

More like this

Sources