Trading platform eToro plans to acquire U.S.-based online broker TradeZero as part of its expansion into the United States, the company announced on Tuesday.
In its second-quarter report, eToro reported revenue of $1.59 billion compared to $2 billion for the same period in 2025. Of this amount, $1.34 billion came from crypto assets—approximately 30% less than the $1.9 billion in Q2 2025. Meanwhile, the cost of revenue from crypto assets was $1.35 billion, with net profit from them reaching $19.7 million. Total net profit reached $53.4 million.
Stock and commodity trading brought the platform $141 million in net profit.
The company is expanding its digital assets segment, aiming to transform the platform into a multi-asset one. In April, eToro announced plans to acquire non-custodial wallet provider Zengo.
"Over 60% of users who traded commodities from Q4 2025 through Q1 2026 subsequently traded stocks in Q2 2026, and nearly nine out of ten such users also traded cryptocurrencies on eToro," said eToro CFO Meron Shani.
In July, the total number of cryptocurrency trades on the platform fell to 1.4 million—73% less than a year earlier. The volume of invested funds decreased by 50%.
Over the 12 months ending June 30, 2026, TradeZero's revenue was approximately $80 million with a gross margin of 81%. eToro expects adjusted earnings per share to increase in the first year after the deal closes. The deal is scheduled to close in the first half of 2026.
eToro shares (ETOR), traded on Nasdaq, fell more than 5% in premarket trading on Tuesday and, according to Yahoo Finance, could continue the decline that began on Monday.
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