- eToro said its second-quarter crypto-related revenue fell about 30% from a year earlier.
- The number of crypto trades in July fell 73% from a year earlier, while investment volume dropped 50%.
- eToro announced plans to acquire TradeZero and acquire Zengo as it expands its US business.
Forecast Trend Report by Period
Global investment platform eToro’s cryptocurrency-related revenue fell about 30% in the second quarter from a year earlier. The company also plans to acquire online brokerage TradeZero as part of its US expansion.
Cointelegraph reported on August 11 that eToro’s total second-quarter revenue declined to $1.59 billion from $2 billion a year earlier.
Crypto-related revenue…
