EToro's Q2 crypto revenue falls to $1B, overall profit beats estimates

Summary

eToro reported a decline in gross crypto revenue to $1.35 billion in Q2 2026 compared to the previous year, despite overall profits exceeding estimates. This drop in crypto revenue occurs amidst a notable shift in user activity on the platform toward equities trading. Recently, eToro has launched a new AI-first app in July 2026 to enhance user experiences and announced plans to acquire TradeZero in August to bolster its growth in the US market.

Analysis

eToro: eToro operates a global trading and investing platform that enables users to trade and invest across multiple asset classes, including cryptocurrencies, equities, and commodities, with built-in social trading and copy trading features. The company recently launched an AI-first app designed to provide smarter and more personalized trading tools. In the context of the reported results, eToro's Q2 performance highlights shifts in its crypto revenue amid broader platform activity. Product: eToro launched a new AI-first app in July 2026 to improve user trading and investing experiences. Expansion: eToro announced an agreement to acquire TradeZero on August 11, 2026, to accelerate its growth in the US market. Market Trends: User activity on the eToro platform has recently shown a shift toward equities trading.

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