EToro to buy TradeZero as Q2 crypto revenue falls 30%

Trading platform eToro plans to acquire US online brokerage TradeZero as part of its US expansion plans, the company announced Tuesday.In its second-quarter report, eToro reported $1.59 billion in revenue, down from $2 billion in the comparable 2025 period. Of that, $1.34 billion was revenue from crypto assets, down about 30% from $1.9 billion in Q2 of 2025. However, eToro reported $1.35 billion in crypto-related cost of revenue and $19.7 million in net income from crypto assets. Total net income was $53.4 million.Equities and commodities-related trading generated $141 million in net income for the platform.The company has been expanding into digital assets as part of its plans to become a multi-asset platform. In April, it announced plans to acquire self-custodial wallet provider Zengo. “More than 60% of users who traded commodities during Q4 2025 to Q1 2026 subsequently traded equities in Q2 2026, and nearly nine in ten of those users have also traded crypto on eToro,” said Meron Shani, the chief financial officer at eToro.Total cryptocurrency trades on the platform fell to 1.4 million in July, marking a 73% decline year-over-year. Invested amount was also down 50%.TradeZero gene...