Shares of eToro (ETOR) rose 14% on Tuesday after the corporate reported its strongest quarter of 2025, defying a broader downturn in crypto buying and selling that has weighed on opponents like Robinhood (HOOD) and Coinbase (COIN).
The Israel-based inventory and crypto buying and selling platform posted fourth-quarter income of $227 million, up 6% from the third quarter, and a report internet revenue of $69 million. Full-year income for 2025 rose to $868 million, a ten% improve from $788 million the yr prior, in accordance with the corporate’s earnings report.
That efficiency stands in sharp distinction to rival platforms. Each Robinhood and Coinbase posted weaker-than-expected fourth-quarter outcomes, dragged down by a stoop in buying and selling exercise as crypto costs fell and volatility cooled.
Whereas eToro’s income from crypto belongings dropped to $3.59 billion within the fourth quarter, down from $5.8 billion in the identical interval the yr earlier than, the corporate made up the shortfall via elevated income from equities and commodities.
Talking on a name with analysts, CEO Yoni Assia stated that some crypto-focused customers had begun shifting their consideration to commodities for the primary time.
“I do suppose there’s considerably of a convergence or a shift from crypto, which now has decrease volatility, to now mainly gold, silver and different commodities which have larger volatility,” Assia stated.
The platform now affords over 100 crypto belongings to U.S. customers, however Assia emphasised the corporate’s broader positioning in a shifting market. “We’re uniquely positioned as each a natively crypto firm and a worldwide equities buying and selling platform,” he stated in a press release.
He added that eToro is getting ready for a monetary system that’s transferring more and more on-chain, and stated the corporate’s lengthy historical past in crypto and tokenization places it in a robust place to assist that transition.
Regardless of the sturdy This autumn exhibiting, indicators of softening exercise have continued into 2026. eToro reported that January buying and selling volumes totaled 4 million trades, down 50% year-over-year for crypto. The common invested quantity per commerce additionally fell, down 34% to $182 from January 2025 ranges.
Nonetheless, the corporate’s diversification throughout asset courses seems to have cushioned the blow as crypto’s downturn stretches into the brand new yr.