eToro Q2 Crypto Trading Revenue Hits 91% of Total
In Q2, eToro’s crypto trading revenue reached $1.91 billion, representing 91% of total revenue of $2.09 billion. Crypto derivatives trading recorded a net loss of $8.4 million, while the crypto trading revenue share dipped slightly from 93% in Q1, reflecting growth in equities and other segments. eToro plans to tokenize U.S. stocks on the Ethereum blockchain to expand its product offerings. Since its May IPO at $52 per share on Nasdaq, the share price has fallen 8.2% to $50.70. This performance in crypto trading revenue underscores robust trading activity and highlights the importance of tokenization initiatives for future growth.
Bullish
eToro’s strong Q2 crypto trading revenue, accounting for 91% of total revenue, signals robust market activity and trader engagement. The slight dip in share of crypto revenue alongside growth in equities indicates business diversification, reducing concentration risk. The plan to tokenize U.S. stocks on Ethereum could boost ETH demand and broaden use cases, fostering long-term network growth. Comparable platforms like Coinbase saw positive price reactions after reporting high crypto trading volumes. In the short term, traders may increase positions expecting higher liquidity; long term, successful tokenization could drive sustained platform adoption and ecosystem expansion.