Bullish
eToro Q2 Crypto Revenue Falls 30% to $1.346B Amid Volume Slump
19:47
Crypto revenue dropped to $1.346B with July volume down 73% YoY, yet net profit rose 77% to $53.48M as acquisitions bolster on-chain infrastructure.
Woofun AI reports that eToro's second-quarter crypto-related revenue declined to $1.346 billion from $1.915 billion in the same period of 2025. Trading activity weakened significantly, with July crypto transactions totaling 1.4 million, representing a 73% year-on-year drop, while the average investment per transaction fell 50% to $182. Despite these headwinds, overall net profit surged 77% year-on-year to $53.48 million.
The company advanced its on-chain strategy by acquiring self-custody platform Zengo and Israeli exchange Bit2C.
Additionally, eToro invested in perpetual contract platform Extended and joined the Open USD stablecoin alliance. Crypto asset holdings on the balance sheet decreased to $49.95 million at quarter-end, down from $62.61 million in late 2025.
WOOFUN AI
Impact Assessment · Quick Read
The divergence between falling crypto trading metrics and rising net profit suggests eToro is successfully diversifying revenue streams beyond spot trading. Strategic acquisitions in self-custody and stablecoin infrastructure indicate a pivot toward deeper on-chain integration, which may mitigate future reliance on volatile trading volumes. Investors should monitor whether these infrastructure plays can sustain margins as market activity remains subdued.
Generated by WOOFUN AI · For reference only, not investment advice
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