According to The Block, eToro’s cryptocurrency revenue for the first quarter of 2026 fell to $2.15 billion, down from $3.5 billion in the same period of 2025; total cryptocurrency trading volume declined by 32% year-over-year. During the same period, its cost of cryptocurrency revenue decreased from $3.5 billion to $2.1 billion, and its cryptocurrency holdings on the balance sheet slightly declined from $626 million at the end of 2025 to $605 million. eToro stated that it completed the $70 million acquisition of the crypto wallet company Zengo during the quarter and launched its cryptocurrency trading services in New York.
eToro Q1 2026 crypto revenue falls to $2.15 billion, down 39% year-over-year
TechFlowShare
Summary
eToro's crypto market revenue for Q1 2026 declined to $2.15 billion, a 39% drop from $3.5 billion in Q1 2025. Crypto transactions decreased by 32%, while the cost of generating that revenue fell to $2.1 billion. The company’s crypto holdings on the balance sheet dropped to $60.5 million from $626 million at the end of 2025. eToro acquired Zengo for $70 million and launched crypto trading in New York during the quarter. Altcoins to watch may shift as market activity slows.
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