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CEO Yoni Assia says he’s bullish connected crypto and expects to spot it backmost to all-time highs this twelvemonth adjacent arsenic crypto derivatives trading connected eToro dropped.
May 13, 2026, 10:12 a.m. 1 min read
EToro (ETOR) doubled down connected its committedness to crypto adjacent arsenic integer plus enactment weakened successful the archetypal 4th and into April.
Revenue from crypto assets dropped 38% from the year-earlier 4th to $2.15 billion, the institution said successful its first-quarter net report released Tuesday. Net trading income from crypto derivatives fell 57% to $33.4 cardinal portion wide nett income roseate 37% to $82.4 million.
The trading level said the crypto enactment diminution extended into April, with the full fig of crypto trades falling 32% year-over-year and the invested magnitude per commercialized dropping 22%. Despite the downturn, CEO Yoni Assia expressed a bullish outlook.
"We bash expect aboriginal this twelvemonth to commencement seeing crypto rising backmost to, you know, adjacent all-time-highs and that volition thrust crypto engagement," Assia told CNBC, adding that the platform’s information suggests that erstwhile the markets fall, “retail investors connected eToro really bargain the dip.”
The institution said it activated its BitLicense to commencement trading successful New York, three years aft it was granted, and it completed the $70 cardinal acquisition of crypto wallet supplier Zengo, closed April 30.
"The acquisition of Zengo, a starring self-custodial crypto wallet provider, meaningfully advances our strategy of bridging accepted concern with on-chain infrastructure, prediction markets, perpetuals and the broader crypto ecosystem," Assia said successful the report.
Etoro shares fell 0.61% successful pre-market trading connected Wednesday.
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