CATENAA, Sunday, November 16, 2025- Trading platform eToro reported a sharp rise in cryptocurrency trading revenue in the third quarter but saw profits squeezed as costs climbed nearly in step with income.
The Tel Aviv-based firm posted $3.97 billion in cryptoasset revenue for the period, up from $1.4 billion a year earlier.
Yet, expenses tied to that business reached $3.89 billion, leaving little net income from crypto operations. eToro also reported an $18 million net loss from crypto derivatives trading, according to its Monday earnings release.
The company, which went public in May with a $4.2 billion valuation and raised $620 million in its Nasdaq debut, said growth stemmed from expanding its crypto offerings and staking services.
eToro now lists 110 digital assets in the United States, up from three last year, and offers staking for Ethereum, Cardano, and Solana.
Overall, eToro recorded $56.8 million in quarterly net income and a 73% year-over-year jump in assets under administration to $20.5 billion.
The company said new funded accounts in the U.S. have already exceeded 2024 levels, driven by the broader crypto recovery.
Despite the revenue surge, shares of eToro (ETORO) were unchanged at $37.81 in after-hours trading Monday, according to Yahoo Finance.
