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eToro Q1 crypto revenue declines significantly
The Block·
eToro reported a substantial drop in cryptocurrency revenue for the first quarter of 2026, falling to $2.15 billion from $3.5 billion in the same period last year. This decline mirrors a broader trend across the industry, with competitors like Robinhood and Coinbase also experiencing significant downturns in crypto trading volumes and revenue. Despite these challenges, eToro made strategic investments, including the $70 million acquisition of wallet firm Zengo and the expansion of its crypto trading services into New York. The total number of crypto trades on the platform decreased by 32% year-over-year.
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fintech
crypto
earnings
Original Source
The Block — theblock.co