Svmuu reports that trading platform eToro's latest financial results show crypto asset revenue for the first quarter of 2026 fell to $2.15 billion, down from $3.5 billion in the same period last year; the total number of crypto transactions on the platform decreased by 32% year-over-year.
Despite the decline in trading activity, eToro continued to invest in its crypto business during the quarter, including the acquisition of self-custody wallet company Zengo for $70 million and the launch of crypto trading services in New York.
This trend aligns with the overall performance of the industry. Robinhood saw its Q1 crypto revenue and trading volume both drop by approximately 50%, and Coinbase also recorded a net loss of $394 million, indicating that crypto trading platforms generally faced market cooling pressure in early this year.