eToro's Q1 2026 earnings report revealed a 38% decline in crypto asset revenue to $2.15 billion year-over-year, with crypto derivatives net trading income plummeting 57% to $33.4 million. The downturn extended into April, with total crypto trades falling 32% and invested amount per trade down 22%. Despite this, CEO Yoni Assia expressed optimism, predicting crypto will return to near all-time highs later this year, citing that retail investors typically buy dips on the platform. eToro activated its BitLicense for New York trading and completed the $70 million acquisition of self-custodial crypto wallet provider Zengo on April 30. Assia stated the acquisition advances eToro's strategy of bridging traditional finance with on-chain infrastructure and broader crypto ecosystem. eToro shares dipped 0.61% in pre-market trading. The company's overall net income rose 37% to $82.4 million, driven by other segments.

Key facts

• eToro Q1 crypto revenue fell 38% YoY to $2.15 billion.
• Crypto derivatives net trading income dropped 57% to $33.4 million.
• CEO Yoni Assia expects crypto to return to all-time highs later this year.
• eToro activated its BitLicense for New York and acquired Zengo for $70 million.
• Overall net income rose 37% to $82.4 million despite crypto slump.

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