eToro Q1 Crypto Revenue Falls to $2.15B Amid Industry-Wide Slowdown

KuCoinFlash

Release Time: 05/12/2026 21:55:59

Summary

eToro's Q1 2026 crypto market revenue declined to $2.15 billion, down from $3.5 billion in the same period last year. Total crypto analysis volume fell by 32%. The company acquired Zengo for $70 million and expanded its services to New York. Robinhood experienced a 50% revenue decline, while Coinbase reported a $394 million net loss.

Odaily Planet Daily reports: According to eToro's latest financial report, cryptocurrency asset revenue dropped to $2.15 billion in Q1 2026, down from $3.5 billion in the same period last year; the total number of cryptocurrency trades on the platform decreased by 32% year-over-year.

Despite weakening trading activity, eToro continued investing in its crypto business this quarter, including the $70 million acquisition of the self-custody wallet company Zengo and the launch of crypto trading services in New York.

This trend aligns with the industry's overall performance. Robinhood saw a roughly 50% decline in both crypto revenue and trading volume in the first quarter, while Coinbase reported a net loss of $394 million, indicating that cryptocurrency exchanges generally faced market cooling pressures at the start of this year.

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