Crypto Trading Contributed 91% of eToro’s Q2 Revenue
eToro's Q2 earnings report shows crypto trading generated approximately 91% of total revenue, down from 93% in Q1. Key points include:
- Crypto revenue was $1.91 billion, with a net loss of $8.4 million from crypto derivatives trading.
- After costs ($1.88 billion), digital asset trading contributed significantly to eToro’s total revenue of $2.09 billion.
- In Q1, crypto-related revenue was $3.5 billion, including $77 million from crypto derivatives.
- eToro plans to tokenize U.S. stocks on the Ethereum blockchain to improve trading capabilities.
- Shares debuted at $52 in May, currently trading at $50.7, reflecting an 8.2% decline since launch.