eToro Crypto Revenue Takes Hit Amid Industry Slowdown

eToro's quarterly revenue from cryptocurrency-related activities declined significantly in the first quarter of this year.

The social trading platform reported a crypto-related cost of revenue of approximately $2.1 billion, marking a 40% drop from the same period last year when it was at $3.5 billion.

This decline is part of a broader trend of reduced retail speculation in cryptocurrencies following the bullish phase that characterized much of late 2025.

eToro's revenue from cryptocurrency sales has been a significant contributor to its overall revenue, and this drop highlights the challenges the company faces as it seeks to maintain growth beyond crypto volume cycles.