Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
eToro, more than 90% of sales in the second quarter also come from Cryptocurrency Trading | CoinDesk JAPAN
The online investment platform “eToro” has announced its second quarter financial results. Cryptocurrency Trading remains the core of the company’s business, accounting for approximately 91% of its revenue.
The figures slightly decreased from 93% in the first quarter, while the stock and other trading sectors saw a slight increase.
Sales from cryptoassets in the second quarter amounted to $1.91 billion, while cryptocurrency derivative trading incurred a loss of $8.4 million. Cryptocurrency Trading accounted for the majority of the company’s second quarter sales of $2.09 billion.
In the first quarter, cryptocurrency-related revenue reached $3.5 billion, and an additional $7.7 million was generated from cryptocurrency derivatives trading, accounting for over 93% of the first quarter sales of $3.76 billion.
eToro has been intensifying its focus on the cryptoassets field. Last month, it announced plans to tokenize U.S. stocks on the Ethereum blockchain and enhance trading functionality.
eToro went public in May at $52 per share, raising approximately $310 million through its Nasdaq listing. At the time of writing this article, it is hovering around $50.7, which is over an 8.2% decline from its initial listing price.