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29 Fear

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Etoro net income falls seventy four percent amid lower crypto trading

Brokerage platform Etoro reported third quarter net income of $15 million, representing a 74% decline from a year earlier. The drop stemmed from reduced cryptocurrency trading activity.

  • Third quarter net income fell to $15 million from $57 million a year earlier.
  • Funded accounts increased by 18% year over year to 4.39 million accounts.
  • The board authorized a share repurchase program of up to $250 million.
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