PANews reported on May 13th that, according to The Block, eToro's first-quarter crypto asset revenue fell to $2.15 billion from $3.5 billion in the same period last year, with total transaction volume down 32% year-over-year. Despite the slowdown in its crypto business, eToro acquired wallet company Zengo for $70 million during the quarter and launched a crypto trading service in New York. eToro's crypto holdings on its balance sheet decreased slightly to $60.5 million from $62.6 million at the end of 2025, while crypto asset-related costs decreased to $2.1 billion from $3.5 billion.
The company's adjusted EBITDA increased by 35% year-over-year to $109 million, net income increased by 37% to $82 million, cash accounts grew by 12% to over $4 million, assets under management grew by 15% to $17 billion, and basic earnings per share rose from $0.79 to $0.98. Commodity trading commissions accounted for 60% of total revenue, and trading volume increased fourfold year-over-year.




