eToro Q3 Surge: $150M Buyback, Wallet & Tokenization

Published: 2025-11-11 00:32:56 |

eToro delivered a standout performance in Q3, with assets under management (AUM) climbing 76% year-on-year to $20.8 billion. Net contributions rose 28% to $215 million, while GAAP net income jumped 48% to $57 million. The platform saw funded accounts reach 3.73 million, up 16% thanks to the integration of Australia’s Spaceship app. Crypto trading activity surged in October, with 5 million trades (up 84%) and an average trade size of $320 (up 52%). Interest-earning assets also expanded by 55% to $8.7 billion. eToro’s stock reacted positively, rising about 7% intraday after the board approved a $150 million share buyback, including an initial $50 million tranche. Looking ahead, eToro plans to launch its crypto wallet in the coming quarters. The wallet will support tokenization of assets, lending products and prediction markets. The company also rolled out Tori, an AI-driven analyst for personalized trading insights and copy trading enhancements. Following a 2024 SEC settlement and a pause in most US crypto operations, eToro is capitalizing on a pro-crypto shift in US policy. From July, it aims to tokenize 100 US-listed stocks and ETFs as ERC-20 tokens on Ethereum, enabling 24/7 trading similar to Robinhood’s layer-2 approach. Traders should monitor these launches for fresh opportunities in tokenized assets and DeFi services.

Bullish

eToro’s strong Q3 results, $150M buyback and upcoming crypto wallet with asset tokenization on Ethereum are positive catalysts. Short-term, the share buyback and robust trading metrics could boost trader confidence, driving higher transaction volumes on Ethereum. Long-term, tokenizing US stocks and ETFs as ERC-20 tokens may increase demand for ETH as settlement layer, supporting greater on-chain activity and network fees. Historically, major platform expansions and tokenization announcements have preceded periods of increased network usage and price appreciation. Overall, these developments are likely bullish for the cryptocurrency market, especially for Ethereum-based assets.