{"id":48321,"date":"2021-08-26T12:43:31","date_gmt":"2021-08-26T09:43:31","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=48321"},"modified":"2025-09-02T01:39:07","modified_gmt":"2025-09-01T22:39:07","slug":"crypto-trading-nets-etoro-more-than-70-of-commission-income-in-q2","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/crypto-trading-nets-etoro-more-than-70-of-commission-income-in-q2\/","title":{"rendered":"Crypto trading nets eToro more than 70% of commission income in Q2"},"content":{"rendered":"<p>Based on the results for the second quarter of 2021, the eToro investment platform earned more than $264 million in commissions from cryptocurrency trading, according to data published in the investor report on August 25, 2021.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">We continue to see strong positive momentum and our Q2 numbers demonstrate ongoing growth in new registered users and total commissions. <br \/>\u25b6\ufe0fPress release at: <a href=\\\"https:\/\/t.co\/A9ieL47lPg\\\">https:\/\/t.co\/A9ieL47lPg<\/a><\/p>\n<p>Subject to disclaimers at: <a href=\\\"https:\/\/t.co\/BIQ4EsQwgy\\\">https:\/\/t.co\/BIQ4EsQwgy<\/a><\/p>\n<p>\u2014 eToro (@eToro) <a href=\\\"https:\/\/twitter.com\/eToro\/status\/1430504904494288897?ref_src=twsrc%5Etfw\\\">August 25, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n\\n<\/p>\n<p>For the three months ended June 30, the platform earned $362 million in commission revenue, up 121% from the same period in 2020. Seventy-three percent of that amount came from fees on trading digital assets. For comparison: in the second quarter of 2020, the figure did not exceed 7%.<\/p>\n<p>\\n\\n<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"643\\\" src=\\\"https:\/\/forklog.com\/wp-content\/uploads\/etoro-q2-1024x643.png\\\" alt=\\\"Crypto trading accounts for more than 70% of eToro's commission income in Q2\\\" class=\\\"wp-image-146885\\\" srcset=\\\"https:\/\/forklog.com\/wp-content\/uploads\/etoro-q2-1024x643.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/etoro-q2-300x188.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/etoro-q2-768x482.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/etoro-q2.png 1075w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption>Structure of eToro&#8217;s commission income. Data: investor presentation.<br \/><\/figcaption><\/figure>\n<p>\\n\\n\\n<\/p>\n<p>Statistics on the main digital assets traded on eToro show that the rapid income growth was driven by the popularity of altcoins. In the quarter, Bitcoin accounted for only 20% of trading volume and 7% of commissions.<\/p>\n<p>\\n\\n\\n<\/p>\n<p>For comparison: Cardano (ADA) accounted for 15%, Ethereum \u2014 14%, Dogecoin (DOGE) \u2014 11%. The assets that eToro labelled as \\&#8221;other\\&#8221; accounted for 37% of cryptocurrency trading fees.<\/p>\n<p>\\n\\n\\n<\/p>\n<p>As of June 30, 2021, assets under management, including digital assets, were valued at $9.4 billion. The lion&#8217;s share of cryptocurrencies on user accounts on the platform was Cardano (23%) and Bitcoin (22%).<\/p>\n<p>\\n\\n\\n<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"582\\\" src=\\\"https:\/\/forklog.com\/wp-content\/uploads\/top-cryptoassets-1024x582.png\\\" alt=\\\"Information on cryptocurrency trading on eToro. Data: investor presentation.\\\" class=\\\"wp-image-146886\\\" srcset=\\\"https:\/\/forklog.com\/wp-content\/uploads\/top-cryptoassets-1024x582.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/top-cryptoassets-300x171.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/top-cryptoassets-768x437.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/top-cryptoassets.png 1391w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption>Information on cryptocurrency trading on eToro. Data: investor presentation.<br \/><\/figcaption><\/figure>\n<p>\\n\\n\\n<\/p>\n<p>The number of trades on the platform rose to 127 million, and the number of registered users reached 23.2 million \u2014 of which 2.6 million joined the platform from April to June. At the same time, balances on 2 million accounts were positive.<\/p>\n<p>\\n\\n\\n<\/p>\n<p>Despite the growth in metrics, eToro posted a negative net income of $89 million. The company attributed this result to stock-based compensation of $71 million and transaction costs related to the forthcoming merger with <span data-descr=\\\"special purpose acquisition company, a special-purpose vehicle for mergers and acquisitions\\\" class=\\\"old_tooltip\\\">SPAC<\/span>, which amounted to $36 million.<\/p>\n<p>\\n\\n\\n<\/p>\n<p> <a href=\"https:\/\/forklog.com\/en\/news\/etoro-to-go-public-via-merger-valued-at-about-10-billion\">eToro will go public through a reverse merger<\/a> with FinTech Acquisition Corp. V. The preliminary valuation of the combined entity was $10.4 billion.<\/p>\n<p>\\n\\n\\n<\/p>\n<p>Subscribe to ForkLog&#8217;s news on <a href=\\\"https:\/\/vk.com\/forklogcom\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">VK<\/a>.<\/p>\n<p>\\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Based on the results for Q2 2021, the eToro investment platform earned more than $264 million in commissions from cryptocurrency trading.<\/p>\n","protected":false},"author":1,"featured_media":48322,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[826,1211],"class_list":["post-48321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-etoro","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"67","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/48321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=48321"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/48321\/revisions"}],"predecessor-version":[{"id":48323,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/48321\/revisions\/48323"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/48322"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=48321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=48321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=48321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}