eToro has reported a significant increase in its quarterly income, with a 37% surge to $82 million in Q1 2026. The boost is largely attributed to a fourfold increase in commodities trading volumes, which accounted for 60% of the company's trading commissions during this period.
The growth in commodities trading has been accompanied by a decline in crypto volumes, with eToro reporting a 32% year-over-year fall in crypto trade volumes to 2 million in Q1. The average invested amount per trade also dropped 22% to $207, reflecting broader trends in the crypto market.
Despite the downturn in crypto, eToro has been expanding its focus on innovation by launching AI-powered investing features and acquiring Zengo, a self-custodial crypto wallet provider. CEO Yoni Assia emphasized this acquisition as a step toward integrating traditional finance with blockchain-based infrastructure.