eToro's Q1 Crypto Revenue Slides to $2.15B as Sector Cools

Odaily Planet Daily reported that eToro's latest financial disclosure showed cryptocurrency-related revenue of $2.15 billion in Q1 2026, down from $3.5 billion a year earlier. The platform also logged a 32% year-over-year drop in the number of crypto trades. Even as activity softened, eToro kept expanding its crypto footprint during the quarter, completing a $70 million acquisition of self-custody wallet provider Zengo and rolling out crypto trading services in New York. The slowdown mirrors broader industry trends. Robinhood reported roughly 50% declines in both crypto revenue and trading volume in the first quarter, while Coinbase posted a net loss of $394 million, underscoring cooling market conditions across major crypto exchanges early this year.