Crypto trading remained the backbone of eToro’s business in the second quarter, generating roughly 91% of the company’s total revenue, according to its latest earnings report.

That’s down slightly from the 93% share recorded in the first quarter, suggesting a modest increase in the contribution from equities and other trading segments.

For the three months ended June 30, revenue from cryptoassets totaled $1.91 billion, hit by a small net loss of $8.4 million from crypto derivatives trading.

After subtracting the $1.88 billion cost of cryptoasset revenue, digital asset trading still made up the vast majority of eToro’s $2.09 billion in total revenue, the filing shows.

In Q1, crypto-related revenue reached $3.5 billion, with an additional $77 million gain from crypto derivatives, accounting for more than 93% of the company’s $3.76 billion total revenue.

The company has been increasingly betting on crypto. Last month, it unveiled plans to tokenize U.S. stocks on the Ethereum blockchain to enhance its trading capabilities.

Etoro went public at $52 a share back in May, raising about $310 million from its Nasdaq listing. The company's shares are now trading at $50.7, down more than 8.2% since its trading debut.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。