Business
Neutral
Etoro net income falls seventy four percent amid lower crypto trading
Image: NewsBTCBrokerage 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. Funded accounts rose 18% year over year to 4.39 million. Assets under administration reached approximately $20.8 billion. The company also announced a share repurchase program authorizing up to $250 million.
Key points
- 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.
Why it matters
Trading platforms can continue to expand their user base even as lower transaction volumes reduce quarterly earnings and revenue contribution from digital asset trading.
Sources · 3 publishers
Crypto Briefing
Tier 2
eToro’s Q3 profit plunges 74% to $15 million as crypto trading cools
NewsBTC
Tier 2
eToro Q3 Profit Drops 74% as Crypto Trading Activity Slows
Coverage timeline
- First reported by The Block
- Also reported by Crypto Briefing
- CryptoVideos brief published
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
