In Q1 2026, eToro's cryptocurrency business revenue fell to $2.15 billion, a year-on-year decline of about 39%

According to The Block, eToro's revenue from its cryptocurrency business in the first quarter of 2026 fell to $2.15 billion, down from $3.5 billion in the same period of 2025; the total number of cryptocurrency transactions decreased by 32% year-on-year.

During the same period, the cost of revenue from its cryptocurrency business dropped from $3.5 billion to $2.1 billion, and the cryptocurrency holdings on the balance sheet slightly decreased from $62.6 million at the end of 2025 to $60.5 million. eToro stated that it completed the $70 million acquisition of cryptocurrency wallet company Zengo during the quarter and launched cryptocurrency trading services in New York.