EToro reiterates commitment to crypto despite falling activity in Q1

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email 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. By Olivier Acuna | Edited by Sheldon Reback May 13, 2026, 10:12 a.m. 1 min read Make preferred on EToro CEO Yoni Assia remains bullish on crypto. (Vanja Savic/Wikimedia Commons) 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. EToro (ETOR) doubled down on its commitment to crypto even as digital asset activity weakened in the first quarter and into April. Revenue from crypto assets dropped 38% from the year-earlier quarter to $2.15 billion, the company said in its first-quarter earnings report released Tuesday. Net trading income from crypto derivatives fell 57% to $33.4 million while overall net income rose 37% to $82.4 million. 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. "The acquisition of Zengo, a leading self-custodial crypto wallet provider, meaningfully advances our strategy of bridging traditional finance with on-chain infrastructure, prediction markets, perpetuals and the broader crypto ecosystem," Assia said in the report. Etoro shares fell 0.61% in pre-market trading on Wednesday. Crypto Trading More For You JPMorgan files to launch new tokenized fund as Wall Street tokenization race heats up By Krisztian Sandor | Edited by Nikhilesh De 12 hours ago The global banking giant is expanding its tokenized money market lineup, following BlackRock's similar move just a few days ago. What to know : JPMorgan filed to launch a new tokenized U.S. Treasury money-market fund on Ethereum. The fund, dubbed JPMorgan OnChain Liquidity-Token Money Market Fund, is designed to meet reserve requirements for stablecoin issuers under the GENIUS Act. The move adds to Wall Street asset managers' growing push into tokenized real-world assets. Read full story Latest Crypto News XRP tops bitcoin, ether volumes on major South Korean exchanges 3 hours ago Bitcoin back above $81,000 after hot CPI print, BNB, DOGE lead majors gains 5 hours ago Nevada regulators push back after prediction market conference blames them for move 6 hours ago JPMorgan files to launch new tokenized fund as Wall Street tokenization race heats up 12 hours ago The Ethereum Foundation unveils new 'Clear Signing' standard to stop users from approving malicious crypto transactions 16 hours ago Senate confirms Kevin Warsh to Fed board ahead of expected Chair vote 16 hours ago Top Stories Elliptic raises $120 million backed by Nasdaq, Deutsche Bank as AI reshapes crypto security 20 hours ago U.S. CFTC in talks with every major pro sports league on policing prediction markets 18 hours ago 'Bitcoin transactions can be monitored’: Ray Dalio explains why central banks won’t touch BTC May 12, 2026 Binance's chief marketing officer Rachel Conlan to leave the exchange 18 hours ago Clarity Act, in the flesh, unveiled by U.S. Senate Banking Committee before hearing May 12, 2026