eToro Reaffirms Crypto Push as First-Quarter Activity Slumps

eToro is a multi-asset investment platform whose crypto business is closely tied to digital-token prices and retail trading appetite. The first-quarter slowdown underscores that exposure even as strength elsewhere lifted companywide earnings. Chief Executive Yoni Assia remains bullish, saying he expects crypto prices to move back toward record highs later in 2026, while the company treats on-chain infrastructure and self-custody as long-term growth priorities.

eToro said on May 12 that first-quarter 2026 cryptoasset revenue fell 38% year on year to $2.15 billion, while net trading income from crypto derivatives dropped 57% to $33.4 million. Weakness extended into April, with crypto trades down 32% and investment per trade down 22%. The company activated its New York BitLicense and, on April 30, completed its $70 million acquisition of self-custodial wallet provider Zengo.