eToro Plummets in Crypto Trades as it Eyes US Expansion

eToro's July crypto trades plummeted to 1.4 million, down 73% from last year's figures.

The average ticket size halved to $182, while quarterly net contribution rose 9% to $229 million, helped by equity trading despite weaker crypto contribution.

eToro agreed to pay up to $231 million for TradeZero, a US-focused brokerage serving active stock traders, as part of its plans to expand into the US market and capture active stock traders.