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EToro reiterates commitment to crypto despite falling activity in Q1
CEO Yoni Assia says he’s bullish on crypto and expects to see it back to all-time highs this year even as crypto derivatives trading on eToro dropped.
May 13, 2026, 10:12 a.m. 1 min read
What to know:
- EToro’s first-quarter revenue from crypto assets fell 38% from a year earlier to $2.15 billion, while net trading income from crypto derivatives dropped 57% to $33.4 million.
- The downturn in digital asset activity continued into April, with the number of crypto trades sliding 32% year over year and the average invested amount per trade off by 22%.
- CEO Yoni Assia said he expects crypto prices to rebound, activating eToro’s BitLicense to begin trading in New York and buying self-custodial wallet provider Zengo.
The trading platform said the crypto activity decline extended into April, with the total number of crypto trades falling 32% year-over-year and the invested amount per trade dropping 22%. Despite the downturn, CEO Yoni Assia expressed a bullish outlook.
“We do expect later this year to start seeing crypto rising back to, you know, near all-time-highs and that will drive crypto engagement,” Assia told CNBC, adding that the platform’s data suggests that when the markets fall, “retail investors on eToro actually buy the dip.”
The company said it activated its BitLicense to start trading in New York, three years after it was granted, and it completed the $70 million acquisition of crypto wallet provider Zengo, closed April 30.
