eToro Reports Strong Q2 Growth Driven by Crypto Revenue and Asset Surge

eToro (ETOR) posted robust second-quarter results, with assets under administration jumping 54% year-over-year to $17.5 billion. Funded accounts ROSE 14%, reflecting sustained user growth. The trading platform reported adjusted net income of $54.2 million, up from $44.2 million a year earlier, while adjusted EBITDA climbed 31% to $72 million—a boost attributed to higher revenues and disciplined cost management.

Crypto trading remained a key driver, generating approximately $1.9 billion in digital asset revenue, a $300 million increase from Q2 2024. The firm expanded its offerings with 24/5 U.S. equity trading, additional cryptocurrencies, and plans to tokenize stocks, ETFs, and futures onchain. "We believe tokenization and AI tools will redefine retail investing," eToro stated, signaling a focus on innovation.

Meanwhile, Bitcoin breached $122,000 amid bullish ETF inflows and corporate demand, underscoring the sector's momentum. The Tel Aviv-based company's performance highlights crypto's growing integration into mainstream finance.