Crypto Trading remained the backbone of Etoro activities in the second quarter, generating around 91% of the company’s total turnover, according to its latest results.
This is slightly down compared to 93% recorded in the first quarter, suggesting a modest increase in the contribution of shares and other trading segments.
For the three months completed on June 30, cryptocurrency revenues totaled $ 1.91 billion, reached by a small net loss of $ 8.4 million in the cryptographic derivative trade.
After subtracting the cost of $ 1.88 billion in cryptocurrency income, digital asset trading still constituted the vast majority of $ 2.09 billion in Etoro revenues, according to the deposit.
In the first quarter, crypto income reached $ 3.5 billion, with an additional 77 million dollars from cryptographic derivatives, representing more than 93% of total income of $ 3.76 billion in the company.
The company was betting more and more on the crypto. Last month, he unveiled plans for Tokensize the American actions on Ethereum blockchain to improve his trading capacities.
Etoro became a public at $ 52 per share in May, raising about $ 310 million from his Nasdaq list. The company’s shares are now negotiated at $ 50.7, down more than 8.2% since its beginnings of negotiation.
